Someone who gets it!!! The insiders spoke louder than words by pouring personal money into what appeared to be a dead company. Insiders don't do that unless they really believe in what they are investing in... $$$$$... IMHO, there are a lot of companies on the market that are worth shorting but this isn't one of them. It amazes me when folks try to throw spears at guppies instead of going after the really big fish. Metabolix is currently a guppy that will either get eaten by a really big fish and become part of a much bigger entity or eventually grow into one.
Sentiment: Strong Buy
And this snippet was a part of an article about that today in the WSJ:
"...Mr. de León, the state Senate's incoming leader, now supports the ban. "This measure is going to prove that a cleaner environment is compatible with expanding the economy and job creation," Mr. de León said. "Part of the bill creates a new market for agriculture film recycling."
(too bad I can't post a link...)
I think if you asked most employees what their company's mission statement was they would not really know. Of course the next question would be "do they really have one?"
This is conjecture but based on MBLX's impressive scientific achievements and recent comments by Mr. Shaulson my bet is that MBLX truly has a Mission Statement which most of their employees find inspiring..
That statement is "At Metabolix, we are driven by a vision for a better world—one where the products used in everyday life are produced sustainably from renewable sources. Our technology platform is enabling us to bring sustainable solutions to the world of plastics, chemicals and energy. With our passion for science and commitment to sustainable initiatives, Metabolix is a place where you can make a difference in the world"
It's tempting to be seduced by Dagiw's numbers or Pelosi's skepticism which in fairness is based on real past events and I wish we could somehow put a number on the energy quotient of the employees morale and their commitment to the companies mission. I feel that that commitment combined with the experience and leadership of Mr. Shaulson is a very real reason to still believe that this company will finally turn the corner and succeed.
Dagiw once acknowledged the proven scientific solutions being explored by MBLX but then quickly added "but they're not for the real world". It continues to amaze me that otherwise intelligent people can't see the problem with products made to last forever but designed to throw away.
I respect Dagiw and Pelosi's advice to do your research. My suggestion for this Labor Day is to read about the "North Pacific Gyre". I would also recommend the latest Blog on MBLX website. Happy Labor Day all
SACRAMENTO Calif. (Reuters) - The California state legislature enacted a ban on plastic grocery bags on Friday near the end of its two-year session, a measure that if signed into law would become the first of its kind in America.
A number of cities and counties in California and other U.S. states, including Hawaii's Maui County, have made it illegal for grocery stores to pack purchases in plastic. But at the state level, opposition from plastic bag makers has usually prevailed.
The California Senate voted 22-15 for the bill, which must be signed into law by Sept. 30 by Democratic Governor Jerry Brown, who has not signaled a position on the measure.
"Single-use plastic bags not only litter our beaches, but also our mountains, our deserts, and our rivers, streams and lakes," said state Senator Alex Padilla, who sponsored the bill
I think the effective float just got pinched significantly...
(check SEC site for the four form 13s - too bad we can't post links here on Yahoo - even to th SEC...)
Reddy in what few hours I had looking into the AXDX situation it is puzzling,in the extreme. There is a 17% short position yet there are only 18% free float, with 86% said to be insiders. Those math do not add up unless some insiders are loaning their shares for shorting. There are no more shares to borrow to short. The only way to do this via CFD but even then the underlying institution tends to want cover so they look to borrow the shares anyway.
There is nothing anywhere that suggests the company is worth greater than $900m by any statistics. Makes no sense to me, but then as I said earlier I tend to like things simple.
Reddy I do see your point. However not being a big picture guy. Accountants rarely have vision, only a calculator I would see that as a major candidate for shorting. 200 times sales is unsustainable.
If the investment criteria is based on AXDX then there is nothing to dispute. However I tend to be a simple guy with a simple Casio solar power calculator, with back up battery for working nights :)
As you pointed out those numbers in AXDX I certainly will take a closer look at the potential for shorting. I am not saying I will, but it is so tempting.
Time to be polite to Dagiw. I won't rejoice every time you post and every time you lose money. What we have in MBLX currently is an informational advantage/informational disadvantage. Mr. Chief Operating Officer just put in an additional $150K. The bigger names of course put in a lot more. But Mr. Chief Operating Officer is closer to anyone with regard to how close they are in the sales process. Betting against him with their newly found financial backing certainly trumps what you have which is nothing more than speculation.
Dag ypu are missing the big picture.. This is not about fundamentals it is abput a small group of very wealthy investors creating tremendous valuation ..
Look who owns AXDX -- Institution pale in comparison to the insiders Strobeck , Schuler and Oracle..AXDX has 1.70 in cash per share 50k in sales and trades at 21 per share that 13 times cash and 200 times sales
But the triumverate controls the stock and set the price ,, nothing to do with fundamentals
oracles paid 5mm for its stake work 140mm
Oracle Investment Management, Inc. 5,394,058 12.10 140,245,508 Jun 30, 2014
First Republic Investment Management, Inc. 793,000 1.78 20,618,000 Jun 30, 2014
Vanguard Group, Inc. (The) 594,272 1.33 15,451,072 Jun 30, 2014
BlackRock Fund Advisors 500,567 1.12 13,014,742 Jun 30, 2014
State Street Corporation 306,424 0.69 7,967,024 Jun 30, 2014
Wood Investment Counsel, LLC 276,549 0.62 7,190,274 Jun 30, 2014
BlackRock Institutional Trust Company, N.A. 276,653 0.62 7,192,978 Jun 30, 2014
Sandler Capital Management 200,000 0.45 5,200,000 Jun 30, 2014
Northern Trust Corporation 184,354 0.41 4,793,204 Jun 30, 2014
Geode Capital Management, LLC 140,765 0.32 3,659,890 Jun 30, 2014
Reddy of course it is pure speculation either way. My position is simply a fundamental assumption that the massive dilution here will continue and the short term position (as in 2-3 months) will be negative without any serious news. They have poured $3m or so into Spain and that is a write off. The risk of pouring more funds into a (money pit) facility outside of their jurisdiction at this point which is not under their control is enormous so unlikely to go down well with effectively new controlling interest owners of MBLX. More likely they are looking closer to home where the risk of losing up to $20m tht they will have to find in the next 12 months on a small production facility is going to require greater due diligence and be subject to US law.
Dag but remember we have a holiday on Monday Spain does not. We can come in Tues with an announcement that Gadea has won Antibiticos and that Mirel production could be starting up in January - of so I see 1.00 next week as institutions start to come back in and shorts start to cover
Correction- That should read 15K bid shares at .69 not .71. Sorry the heat must got to me.
Hey Reddy- E-Trade shows a bid for 15K shares at .71 and only a couple thousand total amount of small share bids until you get to a bid .67 for 13K shares.
On the Ask side we have over 15K shares at .71 and then a couple of thousand total shares until you get to a couple of sizable (8K & 4K) asks for .75. Not Bad.
It would be interesting to see what effect news on a production facility would have. This is clearly not "OVAH!!!"