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American Superconductor Corporation Message Board

  • jwalker.mailbox jwalker.mailbox Aug 17, 2013 3:22 PM Flag

    A double on a settlement?

    Depends on the amount. I'm of the opinion there will be a settlement that ends all civil and criminal litigation. The $100m number is probably close. With that scenario I would look for $3.5 to $4. The stock is probably worth the $2.50 a share now. The core business is still hemorrhaging but with an undertone of improvement. The next news on the lawsuit will be the jurisdiction question and that appears to be a slam dunk and that could add $.50 a share. I could really see the Chinese government strongly encouraging a settlement. Or else things could get extremely messy.

    May be a good two part play. Buy now and sell on the jurisdiction news. If there is a pullback buy for a settlement play.

7.14+0.03(+0.42%)Aug 29 4:00 PMEDT