Apr. 4, 2012, 4:52 PMMomentum traders were all over SmartHeat (HEAT +46.3%) again today after shares spiked 91% yesterday, even as Q4 results were dismal vs. 2010 due to "a very challenging sales environment." The move even spilled over to some rivals: THTI +80.5%, CLNT +157.8%. But it could end up ugly: "When the music stops, don't be the last one standing." | Apr. 4, 2012, 4:52 PM | Comment!
Apr. 3, 2012, 5:14 PMSmartHeat (HEAT +91.6%) shares nearly doubled today on 40x the usual volume, despite a Q4 loss on write-downs in two acquired businesses. The China-based company that sells plate heat exchangers said a slowdown in end-market demand would be temporary and promised a "rigorous program of cost cutting" to maintain control of its budget. | Apr. 3, 2012, 5:14 PM | Comment!
May 10, 2011, 8:41 AMSmartHeat (HEAT) -17.5% after abysmal Q1 results: EPS of -$0.10 vs. $0.05 consensus; revenue -16% to $8M vs. $11M consensus. Issues downside FY'11 guidance: EPS likely to be $0.25-0.36 vs. $0.60-0.80 prior guidance; revenue of $63M-93M vs. $120M-150M prior guidance. | May 10, 2011, 8:41 AM | 1 Comment
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