Wed, Apr 23, 2014, 12:10 PM EDT - U.S. Markets close in 3 hrs 50 mins


% | $
Quotes you view appear here for quick access.

Ocean Power Technologies, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • 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.

2.85-0.01(-0.35%)12:10 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.