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|Subject: Re: AMSC could be a turn-around play||Date: 2/11/2013 4:55 PM|
|Author: captainccs||Number: 13494 of 22723|
AMSC is turning around but like one of those Cape tankers, very slowly!
Gross profit went from negative to positive for the quarter and for year to date which is an important milestone in any turnaround. The miss this quarter was a delay in revenue recognition in the wind sector. The guidance looks fairly good with a 25% revenue growth expectancy for 2013.
The 3Q earnings report:
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