2. China Ming Yang Wind Power ( MY) is a wind turbine manufacturer in China, focusing on the design, manufacture and service of wind turbines. During the fourth quarter of 2010, total revenue stood at $260 million, increasing 15% over third-quarter 2010 and 404% over fourth-quarter 2009. Net income for the period stood at $32.2 million, up 19.7% over the third quarter of 2010. The company incurred a loss in the fourth quarter of 2009. Gross margin for the fourth quarter was 22.3%, compared with 16.7% in the previous quarter and 12.3% in the year-ago quarter. During the period, wind turbine generators commissioned by the company reached a historical high of 253 units of 379.5 megawatts, rising 6% over the third quarter of 2010 and 462% over the fourth quarter of 2009. For 2011, the company targets sale contracts at 1,400 units of 1.5 megawatt WTGs and 100 units of 3 megawatt super compact drive WTGs. The stock is trading at 6.5 times its estimated 2011 earnings with an estimated upside of 77% in the next year.
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.