Wind energy expert Broadwind Energy, Inc. (BWEN, Financial) makes wind towers, performs maintenance and repair on wind turbines, and builds and remanufactures precision gears and gearing systems for the oil and gas, wind, mining, and steel industries. Recent manufacturing issues, which we believe are short -term in nature, have caused the stock to trade at roughly half of tangible asset value. With an improving balance sheet that will be in a net cash position by year-end, we initiated a small position in the company.
From John Rogers (Trades, Portfolio)' Ariel Discovery Fund portfolio snapshot third quarter 2015.
