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FuelCell Energy Inc. Message Board

  • gpost511 gpost511 Dec 17, 2013 4:42 PM Flag

    Negative Equity Means Liabilities Exceed Assets Which Means FCEL is Worthless

    Chapter 11 awaits.

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    • WOW! eeeeEEEE! The millions $ in back orders must be worthless also? RRRIIIIGGGHHHT!
      EEEEEnough said.
      SUPER Strong Buy.
      I'm GOING TO BORROW MONEY NOW, to buy more stock...Of course.
      Because soon the equity shall exceed the liabilities and plenty of assets...Maybe next quarter?
      Sears (SHLD) maybe going bankrupt, because they are LOSING money. FCEL is on the roll and can't keep up with production.

    • first of all liabilities+owners equity must always =assets. and if owners equity=0 then the company is dead meat because the owners of the equity are the only ones who care about future earnings and thus keeping the game alive. therefore liabilities can never exceed assets.....duh...... business school 101.

      if you mean negative earnings then yes FCEL did have negative earnings on an accrual accounting basis but most start up companies lose money for the first couple of years particularly high tech ventures. if every company were held to the standard of not being able to have a few bad years because of startup costs you would have no microsoft, no IBM, no CSCO, no ATT.

    • Nonsense: Do your own DD! Total revenue jumped 56% to $55.2 million. Stop looking at charts! Good luck, friend! (Total Current Assets - Inventory) / Total Current Liabilities = MONTH OVER MONTH, QUARTER OVER QUARTER and YEAR OVER YEAR GROWTH - Shorts are dooooomed!
      Revenue for the quarter was $55.2 million, a 56 percent jump over the same period last year. Led by higher product sales, the overall higher revenues came in above the $43.9 million analysts expected for the quarter.

      The fuel cell firm, with operations in Danbury and Torrington, continues to burn cash while it closes in on profitability. It expects to be cash flow positive by the end of next year, the company said in a conference call with investors.

      The company pared its losses, posting a $9.7 million loss in the quarter, or six cents per share, compared with last year's loss of $11.3 million, or seven cents per share. The loss was wider than the 3 cents per share analysts expected.

      Gross profit increased to $2.6 million, from $0.9 million last year. Gross margins inched up to 4.7 percent from 2.5 percent last year.

2.54+0.06(+2.42%)Aug 29 4:00 PMEDT

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