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Ocean Power Technologies, Inc. Message Board

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  • mmmparsley mmmparsley Jan 16, 2009 2:36 AM Flag

    OPTT Has $8.87 per share Cash + No Debt

    Hey Guys.

    I appreciate the conversation.

    Late last year I sold a large percentage of my shares at 9.00 during the final run-up. I think OPTT hasn't proven they are worth the cash in the bank at this moment. That being said, it will only take one major partnership to change all that. I also believe that OPTT may be a buyout play, because I believe that OPTT will need to partner with a wind energy to sell floating wind/wave power stations.

    Because of the possibility of a news release, or the renewed viability of the PB150 if it can be incorporated with a wind turbine, I think the stock trading 3$ under cash value is a little bit pessimistic.

    Last, earnings will steadily increase going forward from the last quarter as backlog has grown and many start-up projects will come on-line as the PB150 is released.... but GOD! loose_buoys has more than a good argument when he mocks OPTT management and their far too aggressive statements which greatly overstate their potential regarding expeditions product development.

1.57+0.03(+1.95%)Feb 9 3:35 PMEST