Zeev's Turnips Patch-No Politics (ZEEV)

[osprey]

APWR warned today. Rev. down 50%

<<For the 2008 fourth quarter, the Company now expects revenue to be approximately $76 million and net income to be approximately $5 million. Both revenue and net income guidance are now lower than previous guidance of $158 million and $15.5 million, respectively.>>

Gee, this company has China, wind, and energy in its operations. Their 4th Q revenue is 50% below guidance. For Q1 2009, we will see a lot of this. The consumers are in bomb shelters and not spending. Because the economy and credit have collapsed, capital spending is way down. There will be a steady drumbeat of earnings surprises (negative) and dismal corporate results for 4Q 2008, reporting next year. Whether this bad news is baked into the stock market prices is an open question.