RE: RE: RE: RE: RE: RE: RE: Yabucoa =+ $160 millio I spent the better part of the afternoon reading there balance sheet alomg with hearing the last confrence call
63 million shares outstanding
Here are a few assuptions
windtar 120 mw added 10 million in sales= 3.2 million to the bottom line
total netincome minus - deficit previous quarter
Paid 6 million in intrest for the quarter vs 1.7 million previous qr
cost of revenue on the 10million only cost one million
gross margins are fantastic on new sites, Jeff mentioned on his confrence call that turbines prices have fallen big time
Purto Rico adding 30 mw using the assumtion of windstar but 75 percent smaller adds 8 million dollars to the bottom line annually 30 mw wind farm
Cash flow improved by 12 million dollars equals 48 million a year
Shareholders equity increased by 3 million for the q = 12 million peryear
Nuts and bolts is this, cash flow is king, pay down debt now that excelerated cash flows kick in
Previous loans were high intrest ,now risk and reward are balanced and cash flow makes it easier to service debt hence better rates and terms from the lenders
net income for the q was 2.424 m mrq 4 cents per share
annualised to 9.68 million or 16 cents per share
DEBT SERVICING at over 6 million mrq will fall big time as ffo kick in perhaps reducing debt repayment costs by 20 percent
which is 1.2 million on the q and 4.8 million on the bottom line
Purto Rico not even factored
This company could easily be 10 cents a share in earnings (quarter) once finance costs and tax credits take effect
a bigger player could add another 5 cents as tuck in with its eyes closed
remove 1/2 of wages and salaries= 3.6 million per yr
remove 8 million a year in interest expense
Factor 70 million in tax loss going fwd
Factor govt credits
This stock with the proper accounting metrics about to come in - cash flow generation shows another big easment on strees -and another 3 million to share holders equity for the quarter minus one time items
You can see this at .75 cents in earnings a year from now and a 1.00 2 years out
I blend the two together get 87 cents and multiply by five
Five x earnings is common practise in valuing sell price of companies
Grand total wnd will sell for 4.35 per share
That is my story until we see or hear somtthing other than the metrics I derived the info from