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SmartHeat Inc. Message Board

  • mad_dog5669 mad_dog5669 Apr 3, 2012 4:24 PM Flag


    What happened is this:

    HEAT has been getting beaten down for about 2 years. They have experienced a slow down in revenues which they attribute largely to restrictive financing in China. They have been threatened with delisting due to an inability to maintain the minimum share price and executed a 10:1 reverse split in recent months.

    After the market had given up on them, and volume had become anemic, they posted their 10K last night. The revenue number was at least three times the estimates and had it not been for some inventory write downs and valuation impairments on a European purchase, they would have reported a $1 per share earnings number for Q4 2011.

    Their Q1 filing is due soon and is expected to crush the $10M revenue estimate that the only analyst has it at. I say this based on management's comments today pursuant to new and expanded markets, which he attributes largely to the revenue increase in Q4.

    The stats are fascinating:
    3-4M shares outstanding with only 2.7M in the float.
    Book Value = about $35/share. (you can see how far down it has been beaten)

    2-3 years ago institutions of all kinds held 20M shares of this company. Obviously if they come back they could over-run the float very quickly.

    It was up, down and all around today trading with lots of volatility. I believe lots of the $3/share buyers got off today. Should be fun to watch and play again finally.

    Good Luck.

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