MY...Lots of info packed in a new presentation Ming Yang posted on their website yesterday. What is so impressive is their financial indicators (slide 28). I also like slide 23 because it gives adjusted 2014 earnings and estimated 2015 earnings. And then slides 17 & 18 shows and details MY's SDC cutting edge technology. And slide 14 shows how they can customize products to fit all conditions in China, including turbines that can withstand up to 157 mph winds, and also turbines for low wind conditions. Lots of good stuff... http://media.corporate-ir.net/media_files/IROL/23/238508/Company_Presentation_April_2015.pdf
On a side note, based on the Q1 2015 estimates MY gave in the Q4 report, Q1 is going to be a bit light. The rest of the year should be much stronger. Looks like estimated Q1 profits will be approx US$6.1M, approx US$0.05 a share. That compares to after one time gains/losses of approx $11.4M, approx US$0.09 a share in Q1 last year. (You'll see in the presentation above, Q1 last year was pretty decent). For the full year, Ming Yang is estimating a 36% jump in revenues and estimated net profit of US$52M, approx $0.45 a share. Cash, book value (BV currently $4.57 a share), and forward guidance all look good.
seeksup, like I said before, I have no idea where the share price goes from here, especially short term. I am long term and think we could easily see good gains in the stock price over the next couple years if all goes well. But you never know, and only time will tell. I think wind energy is the future and Ming Yang is positioned nicely right in the middle of it. MY is currently my favorite long term energy stock.
MY...Re: Earnings...Q1 is going to be an interesting report...Based on earnings guidance in Ming Yang's y/e report, Q1 is not going to be knockout. Looks like approx $0.05 EPS, down from last year and from last quarter. Revenue will be down from last Q, and about flat with last year. That's according to statements in this PR... http://finance.yahoo.com/news/reports-fourth-quarter-full-2014-121100359.html
On the other hand, there seems to be plenty of promise in the pipeline. Also, there should be a nice reduction in debt. Looking forward to hearing more about the recent acquisition and progress w/ off-shore and low wind turbines.
Earnings will be released tomorrow. The stock price is $0.25 off its 52wk high (current price = $3.63), so up nicely over the past couple of months. I pulled back a notch to lock in some profit on the nice 2 month run, but still hold a decent position. Q1 should be the slowest Q of the year. We'll see how things look tomorrow.
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