The last CC did have a pretty bullish forecast for sales and earnings: (i) its estimated revenue will be in the range of RMB1.4 billion to RMB1.6 billion, representing an increase of 50% to 71% compared with RMB0.9 billion for the quarter ended June 30, 2014; and (ii) its estimated net profit for the period will be in the range of RMB50 million to RMB55 million, representing an increase of 327% to 370% compared with RMB11.7 million for the quarter ended June 30, 2014.
Add to that possible synergies with the acquisition, which they said to expect. Add to that the fact that lots of shorts have piled in here during the recent decline in price. I'm guessing there are 3 million shorts now and they all have to buy before earnings, which you can tell from above will be positive.
If they try to buy the company they have to offer a good price, because they don't control a majority of shares (36% or so)
At 2.66 x 118 million shares it is being valued at 321 million. Next quarter sales will be around 300 million. Or .25 sales. No other company in the wind industry comes close to this low valuation.
Single market players, china stocks trading here, like MY, are also being hit. I bought more today. When MY reports earnings, all this will be forgotten.
Time to buy.
It had to do with the purchase of the company owned by the wife. Now the chairman and his wife own 34% of MY. What is interesting to me is that they could be tempted to take this company private, pay us some premium, then list it in china at 20x earnings and make a fortune.
Naw. Has nothing to do with the wife. Chinese stocks went down 5% in the past two days. All Chinese stocks traded here went down in sympathy. MY shorts had a field day.
I agree with you but you also have to point to the onlytwo negatives I can find. 1. A stubborn short position that keeps undermining every advance. 2. their inability to actually fill (or produce) their large backlog of orders. This fact is the only thing keeping their profits down. Hopefully they will figure out how to fill that backlog.
I think some institutions started buying today. I saw a buy go by for 60,000 shares, and another for 50,000. Shorts might also be getting very nervous here.