PPO CEO / CFP January 11, 2012
"By the end of 2011, we basically have the expansion cost in and now we’ll start realizing the revenue starting in ‘12. And this capacity expansion is going to drive growth in ‘12 and substantial growth in ‘13"
"We’ve taken our business that was $120 million run rate at the end of 2010 and we’re saying we can go to $400 million run rate by 2013."
Analysts reiterate targets
RW Baird $58
Stifel Nicolaus $72
Ardour capital $63
Jubak puts $70 target on stock
08:36 EDT PPO: Polypore sell-off on LG Chem announcement overdone, says Wedbush
08:27 EDT PPO: Polypore pullback yesterday brings buying opportunity, says Needham
08:15 EDT PPO: Polypore sell-off overdone, says Stifel Nicolaus
07:56 EDT PPO: Polypore sell-off an overreaction, says RW Baird
2/6/12 RW Baird upgardes PPO raises target to $58
Polypore shares defended at Capstone
Capstone said LG Chem will not have a plant up until mid-2013
Wedbush's Craig Irwin said he would be a buyer at this level and reiterated an Outperform rating. $58 target
Ardour Capital's Jinming Liu maintained a Buy rating and $63 target on the stock, calling the move lower "unjustified."
Needham issues strong buy and $79 price target
Stifel Nicolaus issues statement and $72 price target
PPO holds investor call to set the record straight
PPO does not build batteries. They make membranes for batteries that they sell to battery makers around the world across a wide variety of industries including consumer, medical, transportation, EV, etc. Yes LG makes batteries and LG already has an existng battery plant. Shorts keeps pointing to articles about LGs existing battery plant as proof they are already producing a competeing product to PPO. More bogus research by shorts. Fact is anything LG does in membrane business assuming they really even do has no impact until 2013 and only impact 5% of PPO rev stream.
This is a great summary and I have read most of this. Yet, what makes me scratch my head is a high-volume continuous move down day by day that is taking the stock to below $40 levels (would be less concerned if it was $42-43 level now). Despite all this research somebody must have a strong conviction to the contrary. Otherwise it would not be going through the last resistance level at $41 or so (too ballsy)
thanks for posting, lies are still being repeated in print, note the W Baird part, I'm the fargo_33, was written back privately (filled out the comment form) asking if I was an idiot(presumably for my post) http://www.webinquirer.co.uk/lazard-capital-begins-coverage-on-polypore-ppo/10807/ the piece was a story on Google
Bloomberg PPO implied post-earnings move
17-Feb-12 08:52 am
Expected Stock Price Move:
Implied one-day move: 11.51
Avg Post-Earn Move: 12.17