Clappy
I have been playing CPST, (sold at 97 after buying at 68) for awhile. I purchased again on the close. I think it has a great stock pretty much in demand
biz.yahoo.com
IPO Plus Aftermarket's Smith Likes Capstone Turbine
By Kathy Smith
Kathleen Shelton Smith and her team have guided IPO Plus Aftermarket Fund (Nasdaq: IPOSX - news), the first fund to focus on initial public offerings, to impressive returns over its nearly three- year history by investing in newly public companies. Today Smith discusses a new issue that is one of her top holdings, Capstone Turbine (Nasdaq: CPST - news).
Why Smith Likes Capstone
``Capstone Turbine, a maker of alternative power generators, went public June 28, 2000, and has quickly become our largest holding. We analyze every IPO to find the best ones for the fund. When we did the work on Capstone and met management during the roadshow, we were convinced that this would be a fast-growing leader in a large new market.
''What makes Capstone special is its focus on alleviating the power supply bottleneck. During the 1990s, demand for power increased 25% but utilities were only prepared for a 6% rise. Short of capacity, utilities and businesses are seeking creative ways to keep the lights on and their computers operating.
``Capstone's microturbines use a proprietary microprocessor to process and extract energy from multiple carbon-based fuel sources (e.g. kerosene, oil), allowing for cost-effective onsite power generation. Its turbines are used for resource recovery, backup power, and peak load sharing. Being first to market, it has limited competition. Its backlog of orders is a large $68 million and growing.
''With demand for power exceeding traditional supply, we have been adding fund holdings in the alternative power field. In addition to Capstone Turbine, flywheel firm Active Power (Nasdaq: ACPW - news), an August 7, 2000, IPO, has also become a large holding in our fund.
also playing PLUG and the wife has BLDP
Someone shoot me I purchased QCOM today |
