listened to conference call. Very impressed with CEO. Guiding for 35 to 45 million in net for 2008. Based on interest they are seeing from both China and overseas business, he is tending towards upper end of guidance. This qtr net was only .09 vs guidance of $1+ so they have lots of work to do in 2008. However he indicated that this qtr is their slowest because of the winter and this winter was particularly bad. So expect some BIG qtrs coming. In addition, if they sell any of their wind turbines outside of China, there is a tax credit that will add to profits by 10%. I complained previously because the wind turbine gross margins were only 10% but this would double if there are overseas purchases. Not likely that this will be a major part of their business because they are getting interest from several other areas within China. Said they would issue update, possibly to announce signing of official contracts for the first LOI's previously announced last year.
The base business is booming and they anticipate more foreign work in Thailand if the first 150million contract works out well because their customer is a large engineering design firm in Thailand. Getting inquiries from Asian as well as the Middle East for their cogeneration products.
Am I the only one holding APWR? Always feel like I'm talking to myself. Bobwins
Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.
If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
