All positioned nicely for the new age of intelligent data collection and energy marketing.
These buds are going to bloom.
Largeness is on the horizon.
Steak your claim.
Well, at least ITRON is making money.
is needed is a boost in sales. Sales have been flat
and are projected to be flat for several quaters. It
is going to be a slow process....
has a negative book value and loses around $2 peer
share,,,with projected loses looking forward... just got
hammered and lost 62% of it's value.
This makes me
appreciate Itron more than ever. Mike said we have the bread
and butter...maybe he can serve up a few steaks down
You sure are right in that ITRI can go either up
or down. The down part has been well proven over the
last several years. Now if the up part could be proven
over the next several years, maybe I could become a
momentum player. :-) skep
I am a little pissed too. The retail stocks were
out of favor and NOBODY wanted to own them. That was
3 years ago and look at them now. Itron is out of
favor on wallstreet and when and if they turn the
corner, maybe we can all write about momemtem players
starting to take part of the move.
I have been
waiting for 2 years and have bought at an average $16. I
am waiting just like you. The pink sheet comment was
a worse case senario.
Sorry if I offended
you, but this baby can go....UP or DOWN!!
I said the maket favors 'value' investors right
now--IMHO--and that ITRI is a great value for longer term
investors. Momentum investors(?) are typically not long
term--- they tend to follow the herd. Which is the best
way to invest is a matter of choice.
This old man
has done very well being a value investor.
about your anger and wish you better times ahead.
view but, no utility enters into a deal where
there is a risk of Ch 11 activity, especially as a
result of negotiating a deal that is bad for the
supplier. One of the results would be a termination of the
contract's terms meaning the post Ch 11 entity could
negotiate new terms and a utility would not want to be on
the receiving end of that deal since they would by
then be dependant on the AMR system for monthly cash
flow, have the risk of a commission prudence review
etc. If the bankruptcy happens before the system is
deployed there is a risk it doens't get deployed until the
Ch 11 action is over and the utility is stuck with a
real mess of partial deployment and no source.
The bankruptcy idea sounds like a simple solution but
it is not.
Cellenet's current strategy of getting the
business at any cost is clearly borne out in their
reported financials. I doubt that Peco or Schlumberger
really care if Cellnet's model fails and Cellnet goes
into bankruptcy. They could come out of Chapter 11
with new equity holders[their current debtholders]and
the current management and corporate structure
intact, only the current equity holders[Ha, there is no
current equity at Cellnet, just shareholders holding a
negative book value stock]being wiped out. Peco and
Schlumberger would work with whomever controls the surviving
As to what deal Itron walked away from, I don't know
which one of the two you mention it was but they did
leave one on the table, considering it not profitable
enough. And Itron hasn't made a profit in a long
Itron's competitor Cellnet isn't stupid. Only their paper
holders have the potential of being so. With the past
poor management at Itron, of course the same could be
said of Itron's outside shareholders.
know who started Cellnet nor their reason for doing
so, but the effect has been to really take the once
profitable AMR business and essentially run it into the
ground from a bottom line viewpoint. I suppose
Avista[the former Washington Water Power and the
Pentzer[sp?]Corp. who helped to establish Itron and then spun it
off as an independent could care less what happens to
Itron now. Fact of the matter is, I still would like to
know who shorted the hell out of Itron years ago and
are still holding those long term short
Outside equity holders are always subject to large risks.
from Itron that CellNet took the PECO deal at a
loss and that Itron was happy to walk away from the
'bad deal'. I am no Lou Gerstner, Warren Buffet etc
but explain to me why anyone walks from a deal worth
$400 million and 2 million meters. To believe Itron's
story I have to accept that three companies with
similar interests are all brain dead. I don't know much
about Schlumberger but they are no dummies and neither
is PECO. To believe the Itron story you have to
believe that PECO is doing business they supposedly
believe may bankrupt the supplier and leave PECO with a
mess, that Schlumberger is too stupid to know if the
deal will make money or not or perhaps are willing to
contribute to ruining a good set of financials from the oil
patch business - I don't think so, and CellNet is
willing to lose more money. When the reason being posed
requires this much assumption of stupidity on the part of
three firms, and at least two of which have much better
management teams than Itrons, then I begin to beieve in the
simpler explanation - Itron lost the deal and can't admit
it for fear of losing face. Will Itron claim that
the deal with Pittsburgh water was a money loser
too??? Here was a case where Itron had the network
inplace and a partnership with the electric utility and
they still lost the 100,000 unit contract to CellNet.
What's Itron's excuse here.
CellNet now has
8M units under contract and Itron 0.5M operating in
fixed network AMR but had Itron taken the deal it would
have been 2.5M for Itron and 6 M for Cellnet - still a
horserace. CellNet is starting to run away with the business
and Itron seems like it can't keep up.
hearing Itron management blaming everyone but themselves
- stupid competitors willing to lose money, stupid
customers who don't know what they're doing, stupid
business partners helping the competition - for ruining a
great company and from your summaries of the CC, I
wonder if Chesser is any different.
kidding! And you could have lost a fortune
investing in Itron two or three years ago. You can't
reasonably compare the excruciatingly poor past management
at Itron to the likes of Walmart. I just feel that
Chesser has the potential of falling into the bad form
that previous management had.
I think you are
hoping to have bought the bottom and looking for a
momentum run with Itron. Maybe you'll get it but please
don't call long term holders "momentum" players. Sure
I'm pissed off but maybe I've got the right to be.
for Tax loss selling. It's a major bargain at
this level. IMHO, whether you're a trader or a real
investor this one should reward you nicely. If the name
was 'itron.com' it would be getting the attention it
Thanks to all the impatient folks who give up
so easily, we can add to our positions and benefit
just like the post said about Walmart stock. In fact
you could have bought almost any retail stock 2-3
years ago and made a fortune. There are 'momentum' and
'value' styles of investing. This market really favors
the latter if you want to sleep at night and enjoy
.. is about as absurd as when Itausam[an old,
faithful but now delinquent poster]compared Itron to
Microsoft. And the pink sheets are just about as a unlikely
suggestion[notice I said just about ggg].
Chesser has to
start cutting some of Itron's top-heavy management and
do it in a quick, open manner. Listening to the
C.C.[even though I wasn't feeling or listening well], I got
the impression of a reluctance on Chesser's part of
moving quickly. I also got the impression that now that
he's a bit more established in his new position that
he still feels he is working for the utilities in
general and also Itron's establishment and not Itron's
shareholders. At least that's the way he came across to me and
I say again I had the flu at C.C. time. I think the
street is sending him the same message.
story about employees coming up to him and saying they
would do anything to make Itron a success, even if it
meant their termination. Give me a break. If Chesser
walked up to me, I'd tell him to cut his own
renumeration[and that of all senior management, the one's that
weren't fired that is]. get off his butt and start making
public management cuts and get those damn press and
shareholder relations departments fired up. Humphreys is dead
weight and give me another break, so is Redmond. Let's
get this cutting started and overwith and not make it
one's life work.
If Cellnet wants all the new
industry contracts at a loss, well there's not much he can
do about that. But when ask about Cellnet[like at
the C.C.], he should say straight out they are
competition with no bottom line sense and as such, a truely
healthy marketplace has no room for that kind of
I really don't know what Itron's established powers
are currently thinking. but I wouldn't be surprised
to see a take-under by someone, maybe a control or
meter manufacturer. skep