Replies to post #309 on A-Power Energy Generation Systems, Ltd.(fka APWR)

[spec machine]

At $16.50 I think APWR is too high too soon. Need to see some delivery on orders for the first level of confidence, then some follow-up orders from those customers for the clincher.

[Ecomike]

This does not look nearly as impressive as their back order press releases this year indicate.

"3Q09 Financial Highlights -- Revenues were $96.7 million on a 13% year-over-year increase -- Gross margin was 13.1% vs. 12.4% in 3Q08 -- Cash, Cash equivalent and restricted cash were $97.6 million -- Excluding share-based compensation, and the expenses and non-cash losses related to the convertible bond, non-GAAP Net Income for Q3 was $9.8 million or non-GAAP EPS $0.28 -- The Company reaffirmed the year 2009 guidance of $320 million for revenues and $32 million for non-GAAP net income"

If anything it looks stagnant, if not a reduction in revenue and income for next year based on this quarter which was a little more than the 2008 third quarter.