Hello Pezz, Late Afternoon's Report:
Purchased a starting stake in Vestas Wind Energy Systems vestas.com at around 99-100 Danish Kroner on its primary Copenhagen stock exchange denominated in a currency I know nothing about (I in fact did not even know it still existed:9).
It is available in the US quote.bloomberg.com
It has around 30% of the world's windmill market, and is waiting on the American Congress to make it rich.
It is new tech, earns a profit (4.19 PE), pays a 1.5% dividend, and has crashed 65% from its 52 week high.
It's chart since 1998 looks like a Dot.Com, you know, bell shaped, symmetrical:0)
Chugs, Jay
References
Message 18278984
Message 18278980
quote.bloomberg.com
11/27 02:05
Vestas Cuts 2002, 2003 Sales Forecasts on Slowing U.S. Demand
By Jakob Risom
Copenhagen, Nov. 27 (Bloomberg) -- Vestas Wind Systems A/S, the world's No.1 maker of windmills, cut its forecast for sales growth this year and next on expectations U.S. demand will slow as Congress so far has failed to extend a production subsidy and agree on an energy bill.
Vestas expects sales this year of 1.3 billion euros ($1.29 billion), down from a previous estimate of as much as 1.5 billion euros. The company sees 2003 sales of as much as 1.8 billion euros from previous expectations of as much as 2.2 billion euros, the company said on their Web site.
This year U.S. customers have been delaying orders after Congress so far has failed to extend a production subsidy and agree on an energy bill that may include a requirement that electric utilities use 10 percent of their power from renewable sources such as wind and solar energy.
``The clarification has now been postponed several times,'' Vestas said. ``Consequently, the American customers have had to postpone their plans.''
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