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Energy Conversion Devices (ENER) Message Board

  • infraredenergy infraredenergy Sep 17, 2007 11:38 PM Flag

    ENER Down 40% in 3 months

    http://finance.yahoo.com/q/bc?s=ENER&t=6m&l=on&z=m&q=l&c=%5EIXIC

    I believe it takes more than manipulation to do this. It may signal a change in something fundamental to the company, such as the loss of its creator, top scientist and research staff. The company appears to have been mismanaged and still appears to be mismanaged. They have hired a CEO who has no experience as a CEO, no contacts and has no experience in either solar or semis. Where an executive from Intel or GE is warranted they hire a virtual nobody.
    STP and FSLR are circling rings around ENER in the production race. If that isn't enough the losses continue and they are bound to dilute more just when the economy is slipping into a recession. Listening to the genius pumpers here can bankrupt you. They have been terribly wrong.

    For the long term brave at heart this may be a buying opportunity, but remember my prediction from when ENER was $50. I predicted it would go to $15 and follow the pattern of QCOM. We are $8 away. If things turn bad in the market I believe it could go to single digits. My feeling all along has been that ener would return from whence it came.

    We may get a rally here when they drop the rates so don't forget to sell before the next drop

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The great inventor who founded the company is ousted by irate investors who, after years of losses finally run out of patience. Someone with no experience in the business is put in charge instead.

      One hundred and fifteen years ago, in 1892, Thomas Edison was ousted by his principal financial backer, J.P. Morgan. And a former shoe salesman by the name of Charles Coffin was put in charge of the company we now know as... General Electric.

      GE turned out OK for investors.

    • Infrared said,"The company appears to have been mismanaged and still appears to be mismanaged."

      The company was mismanaged; with the strong R&D focus of Stan it was unfortunate but predictable that bringing products to market was always something for "tomorrow".
      It does not follow that it is mismanaged now, there has been too little time since the restructuring and Stan's departure to come to any sigificant conclusion yet.

      They have hired a CEO who has no experience as a CEO, no contacts and has no experience in either solar or semis. Where an executive from Intel or GE is warranted they hire a virtual nobody."

      Carrier is a worldwide leader in the production and distribution of heat transfer equipment of all varieties. Our new fearless leader may not have a track record as a CEO, however, that does not mean he does not bring a pragmatic understanding of sales, marketing, distribution, and LOADS (literallly thousands) of contacts in the building industry with roofs just waiting for Solar panels to be placed.

      Intel or GE may be fine sources for a pragmatic leader that can bring sales, marketing, and distribution to the fore but so is a company like Carrier. Your either ignorant of the HVACR industry (many are) or you are a narrow minded fool.

      Stay cool infrared.

      • 2 Replies to finsland9
      • Your either ignorant of the HVACR industry (many are) or you are a narrow minded fool. <Finsland9
        Infrared would get my vote for both and short to boot. To ignore the changes that have already occurred at ENER confirms that. To prejudge the new CEO is a sign of arrogance or a sure sign of stupidity or shortness. If he is short and just acting like he is stupid, he is dishonest. I find no redeeming character traits here.

    • Finally, somebody with some brains.

      I give you a 5 rating.

      My hat to you!

 
ENERQ
0.0190.000(0.00%)Sep 4 11:13 AMEDT

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