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American Superconductor Corporation Message Board

  • jwalker.mailbox jwalker.mailbox May 29, 2013 11:40 PM Flag

    AMSC positive news with earnings? Maybe. My short, mid term outlook.

    Actually I would brace for another dreadful quarter. However the bar has been lowered sooo much we may see a decent move up from here. Looking for less than $19m in sales? Pathetic. Losses are well over a half a million a week.

    The products are viable but the corporate boat is sinking. The expenses are too high and the market for the products too small. At $1.70 a share they would be 1x next years projected revenue and possibly near break even. $3 to maybe $3.50 may be possible in the short run. It's very possible revenue could top $22m. Cash to fund the company losses is dangerously low so I would lower the $1.70 a share target and look for a mid term trading range of $1.35 to $1.90.

    I've owned large long positions in AMSC in the past. Took some substantial losses for staying with it. Still have some shares but now just trade it when volume spikes. Good luck to all and hopefully the quarterly is considerably better than the guidance.

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