Great article. If you mention Clipper, then you need to include the 3 bigger, by market share, wind turbine producers: Vestas (VWSYF.PK), Gamesa (GCTAF.PK), and Nordex (NRDXF.pk). All three of these companies are great investments for the future. I own all 3. Gamesa and Nordex are 2 of my biggest holdings.
Wind energy stocks are going to be like the internet stocks of the late 90's. Seriously! Do your research and you will see that electric utilities are building a lot of wind farms. Why? Because they like the economics of wind. Trinity (TRN) is a great way to play wind. Other wind stocks that I own: Otter Tail (OTTR), Kaydon (KDN) (they make wind turbine bearings), and Zoltek (ZOLT) (they make carbon-fiber turbine blades).
Composite Technology (CPTC.OB) is a start-up wind turbine builder. As is AAER (AAE.V). If you are interested in speculative stocks, I think AAER is going to have a huge year.
3 Long Ideas: Mitcham Industries, Key Technology and New Frontier Media [View article]
Thanks for the write-up. I used to own Mitcham. I think 3D-seismic is a very interesting "Peak Oil" sector play. In a world with declining oil reserves, I think 3D-seismic companies will become very important. I currently own BOLT and OYOG. Do you have an opinion on either of these?
Also, I owned NOOF for a while (after reading Joel Greenblatt's "Little" book). The stock never made much progress while I owned it.
I am getting fed up with articles submitted by anonymous authors. I think China is a great investment opportunity, but I have had mostly bad experiences with Chinese microcaps. My general advice would be to never take any investing advice from an anonymous source.
Buying Broadwind on GE, Gamesa Wind Energy Deals [View article]
BWEN is a very well run company, and I made some money on it in the past. The problem is that the shares are extremely expensive. The company has a market cap of 887mil and a revenue of only 29mil, according to yahoo finance. You can buy the 2 biggest wind turbine makers in the world, via the pink sheets: Vestas (VWSYF.pk), and Gamesa (GCTAF.pk). Each pink sheet share represents a European-traded share. These are 2 great companies that are doing some amazing things.
In the U.S. you can buy Trinity (TRN) - they have a PE around 7! Most of their business is building rail cars, but they also have a fast-growing wind tower business that is bigger than Broadwind's, and much cheaper.
MBIA Gets Moody's Top Rating, Pfizer Downgraded: Is This for Real? [View article]
I think after the regulators, banks and ratings agencies got together and figured out there was no good solution to the monoline insurers' problems - they decided to do nothing at all, and hope the problem just goes away.
Case Shiller Reveals Across-the-Board Housing Market Declines [View article]
I still see a lack of capitulation from investors. Simply put, investors are way too bullish. They still think every sell-off is a buying opportunity. The assumption is that things aren't as bad as they appear. If you agree, you should be buying stocks. I am more pessimistic.
Oil and Natural Gas Will Decouple - Big Time [View article]
China has a major air pollution problem, that will be obvious to the world during this summer's Olympics. With this in mind, I recently bought SinoEnergy (SNEN.ob). They own natural gas filling stations in China.
Shorting the Homebuilders as Their Stocks Surge [View article]
I am currently shorting Lennar (LEN). There is no evidence of a turnaround in the homebuilders. There is a vast oversupply of homes, a massive reduction in available credit, and foreclosures are rising. There is no way that a turnaround is coming for the homebuilders. When I see a few of them declaring bankruptcy, then I may take a closer look at the survivors. Eventually, Toll Brothers may be a buy - but not until 2009 at the earliest.
Financials Offer Patient Bulls Many Opportunities [View article]
I read today that 10% of the homeowners in the entire country have negative equity in the their home. This is terrible because when people need to move, then they will have to take money out of the stock market, just so they can "sell" their house, if they are even able to find a buyer.
Home prices have risen far above the historical average. Until home prices come down by 20 to 30%, I can't buy any financials. Also, hundreds of billions in writedowns have essentially been hidden in the monoline insurers (MBIA & Ambak).
I know eventually financials will be a great buying opportunity. I just think the time is still a year away.
I have owned SKF since September 2007. I feel the trade is getting a little bit old, but there is no way I can close it out before there is full recognition of the problems with the monolines (MBIA & Ambak).
Blowing Hot Air At China Wind Systems [View article]
Gambling on small companies in China is extremely risky investing. This company might go bust, but wind energy in China is going to be enormous. Air quality in China is terrible. Smog in Beijing will be a national embarrassment during the upcoming Olympics. The Chinese gov't will make a huge move into wind energy in the coming years. Given that, I decided to risk a small amount of money on this stock. We will see what happens... I am thinking I won't lose as much money as I lost on Bodisen!
Save Those Bond Insurers, and Avert a Bigger Crash [View article]
A bond insurer is really 2 companies: an insurance company that writes the bond insurance, and a holding company. The holding company is publicly-traded, and receives dividends from the insurance company. Executives hold stock options in the holding company. If the insurance company went bankrupt, all of the policy holders who took out policies from the insurance company would be severely damaged. If the holding company goes bankrupt, only the shareholders are affected. Regulators are now looking into plans to save the insurance company. The holding companies of Ambak and MBIA will not be able to aviod bankruptcy, in my opinion.
Eight Wind Energy Related Stocks [View article]
This article has some PE numbers at the bottom:
www.guardian.co.uk/bus...
Eight Wind Energy Related Stocks [View article]
Eight Wind Energy Related Stocks [View article]
The Wind Beneath Trinity's Wings [View article]
Composite Technology (CPTC.OB) is a start-up wind turbine builder. As is AAER (AAE.V). If you are interested in speculative stocks, I think AAER is going to have a huge year.
3 Long Ideas: Mitcham Industries, Key Technology and New Frontier Media [View article]
Also, I owned NOOF for a while (after reading Joel Greenblatt's "Little" book). The stock never made much progress while I owned it.
Bullish on Chinese Microcaps [View article]
Buying Broadwind on GE, Gamesa Wind Energy Deals [View article]
In the U.S. you can buy Trinity (TRN) - they have a PE around 7! Most of their business is building rail cars, but they also have a fast-growing wind tower business that is bigger than Broadwind's, and much cheaper.
MBIA Gets Moody's Top Rating, Pfizer Downgraded: Is This for Real? [View article]
Case Shiller Reveals Across-the-Board Housing Market Declines [View article]
Oil and Natural Gas Will Decouple - Big Time [View article]
Shorting the Homebuilders as Their Stocks Surge [View article]
Financials Offer Patient Bulls Many Opportunities [View article]
Home prices have risen far above the historical average. Until home prices come down by 20 to 30%, I can't buy any financials. Also, hundreds of billions in writedowns have essentially been hidden in the monoline insurers (MBIA & Ambak).
I know eventually financials will be a great buying opportunity. I just think the time is still a year away.
A Bet Against the Banks [View article]
Blowing Hot Air At China Wind Systems [View article]
Save Those Bond Insurers, and Avert a Bigger Crash [View article]