The downside risk for AMSC seems to be minimal now as the negative sentiment is well priced into the stock. Meanwhile the core business around the wind turbine market is set to rebound in 2013 and 2014, and the power grid technology business continues to be strong. With losses from operations shrinking on improved business prospects, a recent upward revision to the company's outlook, and a potential legal settlement on the horizon, AMSC seems poised for a strong turnaround.
You could be right. I see 2014 sales about as the guidance given, around $100m. Everyone is getting killed at $18m a qtr. If sales doubled it would still be a little tough to justify a $3 stock price. realistically sales need to triple or at least projected to be $250m. They will likely get there but its going to be a couple of years as in 4 or 5. Certainly worth keeping an eye on.
Ask Mr. Douglas what he thinks he's the majority stockholder in the Frankenstein stock mess ... no one has lost more money than he has. Every time he steps up to the plate the stock sells-off and he drags his bat back to the dug-out. If this were the big leagues they would have sent him back to the minors with a zero batting average and cut his contract.
Stocks get OVER bought and OVER sold. Douglas bought too fast only because he is too close to the Company and understands the value better than the Street. Give it (2) more Qtrs.....the trend is changing. Wait until the Street starts buying!!!