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Tuesday, April 20, 2010 5:47:06 PM
Continuing operations $ 0.07
Discontinued operation (0.04 )
Gain on sale of discontinued operation 0.05
____________________________________
Net = .08/share, with .07/share from continuing operations.
The April 15 pr states several reasons for the turn-around, including: "the increase in profitability of Tianjin Huaneng".
This is where the money is now with nearly a 40% increase in sales during a recession:
"Sales revenue for industrial waste heat recovery systems for the year of 2009 was $20 million, as compared to 15 million for the previous year, an increase of $5.6 million or 37.7%."
“The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.”
Warren Buffett
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