Friday, 9 February 2007

AeroMechanical January Market Insight

The stock continues to trade and consolidate in the very narrow $0.35 to $0.40 range. The story is now very straight forward as the market is waiting on 1) announcements of new contracts 2) sizeable orders for AFIRs units 3) installation rates under existing contracts and 4) a perspective on when AMS will reach break even, which according to Management is 170 units based on recurring revenue only.