Investors didn't want to hear (or think) about it back in 2006-2008, but
the renewable energy “revolution” has followed a pattern that is pretty
familiar to most experienced investors, and left a great deal of debris
in its wake. Wind turbine manufacturer Vestas (OTC:VWDRY)
has found itself one of the worst-hit companies to still be in
business, as the stock is down more than 90% from its 2008 highs.
Growing global capacity and shrinking government subsidies
have hammered this company, as margins have plunged. The company has
tried to respond - changing management, cutting costs, and streamlining
operations – but the ultimate outcome is still very much in doubt. While
Vestas seems undervalued if the company can in fact survive this
winnowing process, survival is far from certain at this point.
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http://www.investopedia.com/stock-analysis/040213/slimmed-down-vestas-hopes-more-just-survival-vwdry-ge-si-abb.aspx
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