Werner Muehelemann
Azure Dynamics Corp.
AZD-T
DON'T BUY
Nov 21, 2005
In the alternative energy sector. The stock has moved up very rapidly and is coming back now. Had some good initial contracts. Has huge potential around the world. Going forward, they may need a bigger partner. An interesting play under $1.
Modifying engines for the short “Stop-Go” vehicles like the post office, FedEx etc. Very good fuel conservation. Likes what they are doing and where they are going. They are looking to raise money and he will be participating.
Top part of his database because of its price action. Earnings are improving but still negative. -$0.12 last year and expected to be -$0.04 in 2009. Only 1 analyst covers this company and is forecasting them breaking even in 2010. They need much larger orders and much more visible backlog to create confidence.
He sees this one continuing to head down. Revenues are going up like crazy and they are in a really interesting field and doing good work. With almost 700,000,000 shares, there is a possibility of a stock consolidation.