APWR conf notes from yahoo message board
notes from call 15-Oct-08 10:14 am
Here it is:
-China continues to be committed to alternative energy and will be taking policy actions in that direction.
- 2008 earnings of $1.04 - $1.34 per share.
- 2009 earnings of $70 million or $2 per shsre
- $800 million backlog
- $300 million deal with Thailand to close in 30 days...this number is not in the backlog number above.
- 2 production lines ready to go at wind plant...capacity of 300 2.7MW and 420 750kw turbines per year.
- 2nd wind turbine facility to be completed mid-2009.
- they expect both plants to be running full out in 2010 generating $2 BILLION in revenues
- they have components locked up for 10 2.7 Mw and 30 750kh turbines.
- will recognize revs for 10 2.7 turbines this qtr...the balance of the 55 turbine order will be delivered by July 2009.
- they are securing components for 100 more of the 2.7 MW turbines as we speak.
- margins on both turbines are 8-9%, but this will improve with local sourcing.
- They will be turning more LOI's into contracts, and the 55 turbine order will grow into a larger order.
-they are updating the website and we should see it in 30-45 days.
- They have hired a sarbanes oxley expert to implement these controls, even though they are not required to do so.
- They plan to announce earnings within 45 days of end of quarter, even though they are not required to do so, but they are trying to increase transparency.
- they have appointed a dedicated finance team for financial transparency and reporting.
- There are more dist generation contracts under discussion.
These were the key points. Frankly, this is one of the best investments of a lifetime. Those of you who were looking for a stock buyback are clueless. Capital is king in this economy/market and they need to preserve capital to fund their business, not to support short term traders who are trying to manipulate the situtation to serve their needs.
This company is executing on all cylinders, and the stock WILL follow. At some point rationality will return to equity prices, and APWR will revert to the mean at that point, which means this stock will be over $50 per share...
AI
