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Echelon Corporation (ELON) Message Board

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  • johnmr12 johnmr12 Nov 21, 2011 5:33 PM Flag

    Selling

    Here is the site that documents all form 4 sales. I'm pretty sure the sale has to be reported within 45 days after it is complete. So far, no sales have been recorded since Ken passed away. If nothing shows up by the end of the year, then nobody is selling. I think the street is convinced that Echelon will miss their numbers in the next few quarters due to the overall global recession. This industry is not a necessity, it's a luxury. It's going to be hard for utilities to convince governments and homeowners that now is the time to make the grid smart. In the long term, the smart grid is inevitable. But many people, myself included, believe the worse is yet to come when it comes to the overall world economies. I just wish I had never told my sister about this company.

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    • Johnmr: Youre very astute when it comes to this industry, but I disagree with your asessment as this industry being a "luxury". This industry is all about energy efficency which in turns lowers costs (but you know that). So everyone will benefit. I am sure their was a time whan a washing machine was considering a luxury. Now its a time saving necessity.

      Youve been very pessimistic lately. You know the best way to view ELON as it sits at $5.13? Ask yourself this question: If you were the CEO of Siemens, GE, CSCO, Oracle, Rockewell etc. and Ron Sege came to you and said you could buy this whole company now for $420 million (which is a $10 share price), would you do it?....I think many would do it in a heartbeat. That price also includes over $50 million in cash they have so basically it's a $350 million dollar deal.....My point is this stock is extremely undervalued no matter which direction you think the world is headed.

      • 2 Replies to northstarz2010
      • One group is scared of this industry taking off--big oil. Europe's long term goal is to be 80% alternate energy sources by 2050; they are transitioning to a new energy model. I believe China wants this too.

      • Northstarz, electricity is a necessity. Since there is already an electricity delivery system in place which supplies electricity to all who need it, upgrading that system is not a necessity. Five years ago America was booming economically without a smart grid. Five years ago Greece was a healthy economy without a smart grid. Right now, governments and municipalities are desperately trying to avoid financial disasters, not spending money they dont have in a system that already works. That's the reality. Suppose you had a car that was falling apart and you decided it was time for a new one, and just as you began researching new cars, you lost your job. Your priorities would be food, shelter, clothing. You would make due with the old car until you could afford it. At some point in the future you would get the new car. Well, I think that's what is happening with the smart grid. Frankly, I'm not even convinced that ELO, Holley, or Russia are going to be deployed in any large scale until the world economies stabilize, because I am finding out how intertwined all the countries economies are. That's why I think Echelon is on the brink of dropping under $5. I think people smarter than us can see that there is no way Echelon will achieve their projected guidance for 2012 based on the state of the world, and the fact that there really is no short term fix.

 
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