Over 32 years, the portfolio in The Oberweis Report has returned an average gain of 21.2% a year vs. 7.9% for the S&P 500. Here, money manager and newsletter advisor Jim Oberweis, Jr. looks at Suntech Power Holdings Ltd. (NYSE: STP).
"Long-term results notwithstanding, 2008 has been humbling, to say the least. No other year in our history has been as challenging.
"But in our experience, the most favorable buying opportunities tend to fall after a period in which the market has not performed well.
"Although year-by-year results can be volatile, disciplined investors who remain fully invested in a portfolio of high-growth equities selected using our methodology have historically achieved an exceptional average rate of return over long periods of time.
"Suntech Power Holdings Co., Ltd is one of the leading solar energy companies in the world as measured by production output of photovoltaic, or PV, cells, with leading positions in key solar markets such as Germany and Spain.
"Suntech designs, develops, manufac- tures and markets a variety of PV cells and modules, including a broad range of value-added building-integrated photovoltaics, or BIPV, products.
"The company sells its products in various key solar energy markets worldwide including Germany, Spain, the United States, China, Japan, Italy and South Korea.
"Suntech believes that its China-based design, development and manufacturing facilities provide several ompetitive advantages, including access to low-cost technical expertise, skilled labor and facilities.
"In the company's latest reported second quarter, sales increased approximately 51% to $480.2 million from $317.4 million in the second quarter of last year. Suntech Power reported earnings per share of $.38 in the latest reported second quarter versus $.25 in the same quarter of last year.
"Clients of Oberweis Asset Management own approximately 82,000 shares. These shares may be appropriate for risk oriented investors."
Steven Halpern's TheStockAdvisors.com offers a daily look at the latest market commentary and favorite stock picks and investment ideas from the nation's leading financial newsletter advisors.
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Reader Comments (Page 1 of 1)
10-20-2008 @ 3:21PM
Sam said...
Steven Nice review on Suntech (STP) Solar. I found out some predication on U.S market too. http://stockpreacher.com
10-22-2008 @ 3:30AM
david said...
Suntech is doing great.Some other factories like http://.www.shinesolar.net is doing not bad as well.