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American Superconductor Corporation Message Board

  • grump430 grump430 Jan 28, 2013 12:44 PM Flag

    Death Throes

    Check the quarterly Income Statement for cost of revenue and walk away with the conclusion the company lacks pricing power. View the SG&A expense for further chills. The R&D budget has been shot to pieces. The vastly reduced company has become dependent on outside financing with stiff terms for further financial frights. This combination of conditions leaves one with little option but to say the company is in its death throes.
    Don't even think of litigation costs in a foreign court system that is dragging the case out. The risk here seems beyond calculation. It's a race to the bottom measured in time and shrinking shareholder equity . The legal adversary can delay upon delay appeal upon appeal all to shareholder grief and uncertainty.
    Other than this short list just gobble the stock up!

    Sentiment: Strong Sell

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    • Grump so far you have been dead on,but now the US gov. has been giving big orders to amsc.Truckloads of wire from amsc were seen by ufo watchers being delivered to area 51.Go on the MUFON site and read about it,maybe used in new spacecraft or new teck.

      • 1 Reply to carmineconspiracy
      • yup, just a few more twists and turns and this rag-bag company collapses. Good short profits ride in the balance! It's a micro-cap penny stock. Only investors with a tit in the wringer care, it was their money. The govt doesn't give a rats behind about this loser, its too small. Some firm, perhaps the june 6 lender will snag the patents and parlay them off into some jv or larger firm before they become obsolete.
        The wire science will need a robust R&D effort which this co. no longer has, customers will shy away quick. The wind business is just that, gone with the wind, rough to make a buck. loaded with cut-throat foreigners, forget it.

        Sentiment: Strong Sell

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