Wed, Jul 23, 2014, 3:17 AM EDT - U.S. Markets open in 6 hrs 13 mins

Recent

% | $
Click the to save as a favorite.

Cereplast, Inc. Message Board

  • lizdan_7 lizdan_7 May 9, 2013 1:52 PM Flag

    Question for Bashers and Non Believers

    Some question this Company, They have had a lot of name changes etc. But what you do not mention is that the WORLD as we knew it is starting to change. Example
    Italian Plastic Bag Application Decree Published and Enforcement Begins May 27, 2013
    Italy In My Opinion is (((( not going to be the ONLY Country ))) that is worried about Plastic Bags Etc, as the WORLD becomes older the problems with waste becomes larger. Plastic bags are HUGE. This Company is in the beginning Stages IMO.The World HAS TO IMO deal with the problem of waste and how to get rid of it. Cerp IMO is now in the right place.

    Always do as you Feel,
    Not What You Hear.

    Happy Investing To All Sellers And All Buyers.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • jakehines@rocketmail.com jakehines May 9, 2013 2:48 PM Flag

      You are quite correct in your global assumptions on this topic. The world is moving in that direction. No argument there. However, this company has failed miserably over the years to execute any sort of viable business operation to take advantage of that shift in the global movement. Case in point. Italy, According to Cerp PR, messiah like in its push for biobased plastic bags. Well, home court advantage to Novamont there. Huge Italian based multi-national on size scale of a BASF, Dow, MSK and others. And in India don't forget home field heavyweights like TATA.. Plus here in the US, BASF, Novamount, are heavyweights in their own rights, battling daily with the likes of Dow, Dupont, and others. Cerp, IMO, based on its business practices has severely limited itself to long term business survival in its present form. It cannot compete in the marketplace except to offer razor thin, or below cost pricing, just to have some cash flow from operations. No room to service clients adequately, crushing and crippling interest rates on their corporate borrowings (think like 19% or thereabouts), cash burn rate daily that in ten days or thereabouts eclipses any quarterly revenues etc., etc., etc. The company has garnered a reputation in the industry as being unable to deliver, on time, on demand, and if you were a potential customer looking at Cerp as a supplier, would you feel comfortable betting your product line on a supplier who has a very high likeihood of being unable to deliver your raw materials due to cash flow or credit problems? potential supply chain issues? delays?? etc. Those are big hurdles that corp management has failed to address time and time again.

 
CERPQ
0.010.00(-9.09%)Jul 22 3:16 PMEDT

Trending Tickers

i
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.