is not all this Russian Mafia nonsense but the fact that HEV is way overvalued based on market capitalization.I guess when A123 goes public we will have a better comparision or metric to go by. HEV may or may not succeed but at its current price any success is priced in at a 550 million dollar capitalization.I have no position at this time and have adopted a wait and see attitude.If their technology is so avant garde then HEV will be bought out.Until we see earnings this is just a story stock.
I love the idea of this stock. US company and great chemistry. I like what I hear from the company that their battery is better than the competition. Then I hear the never ending story from GM - that we are waiting for battery technology to catch up - so either GM didn't evaluate EnerDel, or didn't like what they did evaluate, or told EnerDel to come back when they can mass produce. If their technology is the best, then Ford or GM or some other giant should buy EnerDel. Afterall if the battery is a huge percentage of the cost of a hybrid why shouldn't a major car mfg produce it in house.
Exactly until I see a large car manufacturer VALIDATE their technology with a purchase order I remain out of this stock.The one question I have is if this battery is so great why has every other car manufacturer aligned themselves with Sanyo or A123? This smells of a story stock here that has been hyped up to wildly overvalued levels.Say what you want about Citron (I know they take short positions in the stocks they write about)but they have been right in almost every instance.Take a look at what they wrote about ARTC which came true 6 months later.