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  • antonioortolano antonioortolano Jan 21, 2010 6:28 AM Flag

    jan 27th: the day of the truth

    On jan 27th, apple will introduce their new tablet.

    The whole world will find out that ABAT has nothing to do with it, no contract with apple, no battery supply.

    So expect the price to fall back to 3.6-3.8 before month's end.

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    • I'm long ABAT, not because of Apple, but because of China and bicycles and that the company has been showing nice steady improvement. Management is sticking to their knitting, has a superior product, and is deftly growing the business. The are conserving cash, and from an investor's point of view, I think they are doing a fine job.

    • ABAT management announced a $67M backlog when the 3rd quarter results were released with $55M in batteries and $12M in electric bikes. The last full year of results in 2008 had the revenue at $45M so the backlog is almost 1.5 times the total revenue in 2008.

      IMO there will not be a drop on January 27, 2010. Investors should be loading up on ABAT as battery capacity has doubled with the addition of Buildings C and D. The revenue is bound to go up in the 4th quarter and the profit as well.

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