Just remember, WPRT will be EBITDA positive soon, very soon, very very soon. I guess 10 years would be soon to Demers. Who in their right mind would believe anything that comes from the management or BOD of this pile of S * * *.
You made a mistake, I'm sure meant to say .80
Going to 80 cents, then 60 cents, then 40 cents, then 20 cents. Some where around 5 cents, Demers walks away with all his millions which are probably invested in Cummins.
Yes, it's low now and still going lower. The catch the falling knife game causes cuts sooner or later. Hope you don't bleed to death.
Demers needs to go that is certain but, he has done so much damage, it's too late. This stock will not move up until it posts positive GAAP earnings and that is not going to happen. It can't even come close to positive earnings before it pays it's bills and interest expenses. It's over for this company. All that is left is for Demers to hang around long enough to such out what cash is left and that might take 2 - 3 years. I some ways it's totally legal to steal millions.
And with BS management and a product line with shrinking sales, just what makes you think high is coming? It looks more like buy low and keep buying lower until the fire sale and even lower still. Now sales, no profits, no up side, EVER.
Time to buy for sure. Back up the truck, better still mortgage the house and put everything into call options.
In 20 or 30 years WPRT should finally make a profits.
Anyone who thinks this company is a buy need to seek therapy and quickly. At the current cash burn rate, falling sales and NEGATIVE EARNINGS (that means losing money). WPRT might have 3 years left best.
So best wishes to those who think WPRT is a buy.
Bashing is not in play here. Stating the truth is not bashing.
1) Over and over management lies or puts out incompetent guidance
2) management has been paid high compensation while the company has lost money for 15 years
3) over and over it has killed share holder value with more stock and loans with negative cash flow
4) management refuses to face loses and continues to talk this EBITDA garbage
5) cash keeps dropping
6) book keeps dropping
7) virtually nothing to show for 15 years and hundreds of millions spent.
8) sales keep galling
9) no profit in site for as far into the future as anyone can see
10) with each years the assets of Westport continue to errode
11) the only asset it has is cash on the books and it drops every single day
I could add 10, 20 more points to the list but, there is no need.
This company is a financial train wreck.
It comes down to this Westport has never earned a real GAAP profit and it never will.
If the truth is bashing then you better start listening to the bashers, they are the only people who can save the last 1.50 a share of your equity by making you see it's time to sell before book goes to ZERO!
No short position. This is about the fact there is no market for HPDI. NG needs spark ignition not some bogus dual fuel injector junk which is too expansive. Every penny spend on HPDI is money off the balance sheet and down the drain. Engine makers won't be using HPDI. They will retool and add spark plugs to their cylinder heads. HPDI and Westport are both both circling the bowl.
Sure lots of places will be using NG, it just won't be Westport engines. As soon as the CEO has transferred all the cash to his personal accounts and they can't borrow or float anymore stock, WPRT will be gone and real companies with real management can step in and get the job done.
HPDI is as dead now as when 1.0 was announced. WPRT won't sell enough to even cover R&D let alone production. If it's NG it's going to be spark and WPRT won't be the only game in town. Yet another day and more cash out meaning less on the balance sheet. Cash down at 25 million and book at 75 cents a share. This is one dead dog. Our only real question is, how long will it take for the CEO to get the final 25 million into his personal checking account?
You seem to be describing cyclical speculation and not investing.
Westport won't turn a profit in the next 10 years.
Westport will not exist in 10 years.
At 2.50 the up side is a short to zero and a profit of 2.50
At 2.50 the up side is long to 100 and a profit of 100 - 2.50 or 97.50 which is nice.
Which is speculation and which is an investment.
A company that only talks of EBITDA and states in its financial report to shareholder as
"The term Adjusted EBITDA is not defined under U.S. GAAP and is not a measure or operating income, operating performance or liquidity presented in accordance with U.S. GAAP.
Adjusted EBITDA is used by management to review operational progress of its business units and investment programs over successive periods and as a long-term indicator of operational performance since it ties closely to a unit's ability to generate sustained cash flows."
Funny, they only have negative cash flow, they can't even use bogus accounting to support their position.
In the case of Westport with a 15 year history of losses and hundreds of millions spent never returning a cent of capital to share holders, real assets shrinking each day and the same CEO in place, I tend to think the short at 2.50 is more likely the investment.
Place you bet or be safe and run away from this company and never look back.
Westport Financial Report to Share holders
We use certain non-GAAP measures to assist in assessing our financial performance. Non-GAAP measures do not have any standardized meaning prescribed in U.S. GAAP and are therefore unlikely to be comparable to similar measures presented by other companies."
What else could they possible say. How about anything they want.
You can bet that everyone will jump all over GMO when Monsanto comes out with pot with 10 times the THC. Stoners all over the world will buy the stuff buy the ton, earnings will be higher then they will be and they will be putting their cash in my accounts. Such a deal.
GMOs for all.
Since when do stock holders have anything to say about what management wants to do. Corporate structure is even worse the electoral college which picks presidents. Here is a list of 5 directors you can vote for and,,,,,,, they only need a plurality of votes not a majority shareholder vote, so 1 vote and they are in. The only issue which determines if this kind of deal gets completed is if the CEO and board get enough of a spike in their holdings which will be worth a bit more then their current situation. If they sell out, they lose out on their salary, bonus, stock, and use of the company jet. So unless the deal is over 130, it won't fly.
I too wonder how much lithium is available for all this? I have my doubts that there is enough to convert transportation systems in mass.
And just where is California getting money to fund anything? But your point is valid. Big cities with hybrid NG/electric systems is a market. It is strange that the Tesla car and the truck you mention are built on thousands of small panasonic 18650 lithium cells. That's got to evolve.
Yikes, DC V AC. I thought Edison and Tesla already already had that fight. Not sure a DC motor in a giant truck is going to be able to compete with 3 phase induction motors. Even todays model air planes use little 3 phase motors, some cost as little #$%$ bucks. Now a gas turbine generating electrical power to drive motors at the wheel be they DC or AC is an idea. Then again, rail has been doing that for 75 years, but the power source is diesel not gas turbine. Will GE start putting gas turbines in those monsters? I kind of doubt it. At any rate, it's an idea worth thinking about and it would be a great R&D project for Westport. They could float 100 million in new stock and work on it for the next 15 years. Major upside for the private bank account of the CEO.
EARNINGS BEFORE (they pay any bills, interest or taxes and it's still negative)
This dog can't hunt. But this is good news, people can only lose 2 dollars a share.