Pilot Guy

Broadwind Energy: Cramer, Someone Had to Say Something

Before everyone goes haywire with ridiculous valuations, you need to pull a Buffet.. what do these companies fundamentally offer the market. Are they particularly clever manufacturers... system integrators... do they have patents.. a powerful brand name.
The answer is mostly.. none of the above. I have toured some "Wind" factories. It is basic metal fab, purchased turbines and structural steel. Nothing that would suggest a sustainable competitive advantage and nothing that could not be done better by long-established manufacturing operations.
I am waiting for a company with a sustainable dominating strategy to sell.. ridiculous valuations will get "popped" very quickly once wind power becomes a profitable market to enter.
In the mean time.. they strike me as more "internet" bubble stories with ridiculous valuations.