Spanish wind turbine manufacturer Gamesa (OTCPK:GCTAY) (GAM.MC) has continued to face quite a bit of skepticism from analysts regarding its turnaround prospects, but the company continues to execute on its turnaround plan. That plan has led to high single-digit order growth for 2013 and a return to double-digit growth in the fourth quarter, and the stock has continued to recover with the shares up about 250% over the past year and another 60% since my write-up in September ("The Street Still Doubts Gamesa Has A Business For The Long Term").
There is always a risk with turnaround stocks that investors will push their luck and hold on too long. To that end, Gamesa is not out...
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