JSbalaban

A Bright Future for American Superconductor

Good post there Buffet Jr! Just one area of clarification. The first Turbines are in fact going to be assembled during November and December and will be claimed in the Q4 ER. The remaining 40 are due by July, during which time I would imagine some of those LOI's will convert to signed contracts. ...... Yes, Kelvin has done very little dd on APWR! Just their new dist pwr contracts will indeed give them significant growth next year.

JBB


On Nov 14 09:50 AM Buffett Jr wrote:

> I am long APWR but am not a cheerleader for the stock and admit it
> has it's flaws however you are way off base and show a lack of Due
> diligence. They never claimed to have wind turbines up and running
> by November. They claimed to be receiving the parts from their partners
> in Europe Furhlander and Norwind in November. 1st Q 2009 is the target
> for rolling out the turbines. As far as the CFO yes that was a black
> market but it had nothing to do with finances being shady. He violated
> NASDAQ regulations by working for two companies at once.
>
> I don't know what you expected from the stimulus PR do you want China
> to spell it out for you? They are investing huge in wind and solar
> and other cleantech. Pollution and energy independence not the price
> of oil alone are factors in this.
>
> As far as your prediction under 4. Sure this market is wild and anything
> is possible but I would be very careful if you are short going into
> earnings just a few weeks out.
>
> Lastly they have 0 debt and already thriving Distributed power generation
> business. Wind is just the icing on the cake.

A Bright Future for American Superconductor

Kelvin's comments regarding APWR no doubt represented complete lack of impulse control reflecting his investment conflict of interest in solar. The reason APWR was not mentioned in the stimulus package is because they're doing so well that they don't need help-- they already have government support in place for their industry and have had for some time. As for the likelihood of them slipping back below $4, that's likely Kelvin's wish so that he can buy in at a price he wants to pay. In my correspondence with Ian Shanno, APWR's IR Director, APWR is doing quite well.

JBB