He is the one who has to understand the product mix better and which customers order what models. The ASP and margins are so different across the three GenDrive units and then ReliOn.
I do understand his wait and see approach though, hopefully Q1 numbers will show the costs have been brought under control and gross margins are increasing steadily. (which with ReliOn stacks in more of the products should be the case)
I still don't see any analyst giving any merit for the new markets that will start to be entered into this year - they should merit some valuation as the R&D is done and in the main pilots proven as far as we know.
Well isn't he just an idiot. 2.6. I wouldn't listen to him if he were the last anal......yst... On earth. We were back to 2.60 the day of Tuesday's report. Has he updated yet and set his new target price at 2.78. Honestly, where do these guys come from.