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Westport Innovations Inc. Message Board

  • nyc314 nyc314 Jul 11, 2014 2:17 PM Flag

    And here is why you don't pay attention to the bloggers on MF

    (I'm distinguishing between Motley Fool bloggers and their main analysts--Tom and Dave, e.g.)

    Somehow, in the space of 2 days, WPRT went from a stock to avoid to one that could double....

    On July 9, Benjamin Sinclar posted this on MF:

    "...Unfortunately, Westport is still unprofitable, losing $185 million last year alone. Management does expect to break even this year on an adjusted EBITDA basis, but clearly the company needs to grow a lot more before it makes money.

    Despite dropping by over 50% since March 2012, the shares are still quite expensive. Last year, the stock made just under $3 per share in revenue, not a big number for a stock that trades at $18. Investors may be better off leaving this one alone."

    Then, on July 11, he (yes, he--as in Benjamin Sinclair) posted this in a blog titled "3 Depressed Stocks that could double":

    "...Westport Innovations (TSX: WPT)(NASDAQ: WPRT) is a provider of technology that allows engines to run on natural gas. This is a market that is ripe for serious growth – natural gas burns cleaner than diesel and is much cheaper, too. Industries like trucking and public transportation have already been switching over.

    However, Westport’s shares have not done well in recent times, down 43% over the past 12 months. This is partly due to the fact that natural gas prices have been rebounding. But natural gas engines still have lots of promise, and if that promise is fulfilled, Westport’s shares could soar."

    (oddly enough, not4 posted the first quote from Benjamin but not the second--go figure)

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