GC China Turbine Corp. (GCHT)

[viking86]

WindyStocks writeup: "If we assume that existing business trends continue for GCHT, a revenue figure of $275-300 million for the next 12 months seems like a conservative estimate. Given the price to sales ratio of 2 inline with its peers such as A Power Energy Limited (APWR), that gives the stock a potential market cap of approximately $600 million or about 3.15 times its current market cap. Consequently, a price of $9-11 is a reasonable valuation for GC China Turbine based on these parameters."

Compared to Company's projected rev. of 88.8MM and 210.6MM for 2010 and 2011 (Slide 26 of their Corporate Presentation), the above projection seems high. Not sure what they base that on. Any comments?

Re. next conference: Yes, they are going to present next week Jan 14 at Needham Conference. Their last presentation (Nov. 09 I think) was well received and PPS went up appreciably.