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Cleantech Solutions International, Inc. Message Board

  • smallcapguru10 smallcapguru10 Apr 12, 2013 10:35 PM Flag

    "Site Visit To Cleantech Solutions Reveals A Busy And Robustly Growing Operation"

    Cleantech Solutions (CLNT) wowed investors with what appeared to be home run financial results for its third quarter ending September 30, 2012. Reported sales increased 48.5% to $17.3 million and EPS increased 91% to $0.88. CLNT attracted our attention after a bearish November 21, 2012 article was published on Seeking Alpha titled "A Troubling Visit to Cleantech Solutions."

    Following these developments and dramatic volatility in CLNT's shares, we decided to visit CLNT for a firsthand glimpse of the company's operations. While we cannot attest to how CLNT has used capital it has been able to raise in the U.S. or to the claims it has made in all of its prior disclosures, we have been able to cross check some of the company's recent claims. Our initial due diligence confirms that a good deal of information disclosed to U.S investors, as well as recent financials presented in CLNT's SEC filings, may hold some credence.

    As CLNT introduced new types of dyeing equipment, its dyeing and finishing equipment business appears to be significantly growing and may more than offset the decreasing performance of its wind power industry business.

    The information we have gathered and confirmed may give investors enough confidence to assign a conservative short-term price target for CLNT of $9.00 per share, which is a meager 5 times trailing EPS and more than double its current level of around $4.40 per share. As we will discuss, we believe there could be significant upside to this target, especially if the company takes steps to increase the transparency of its operations.

    It appears that the company's legacy dyeing and finishing equipment business is thriving, a segment that comprised around 40% of sales through the first nine months of 2012. And although CLNT's forged rolled rings business serving the wind power industry appears to be on the downswing, this same forged rolled ring business serving other industries such as solar energy is picking up and represents around 34% of.

    Sentiment: Strong Buy

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3.23-0.05(-1.52%)Jan 26 3:59 PMEST

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