Actually your figures are not up to date as of Friday 9, September:
VQT year to date up 15,24%.
S&P 500 YTD down -7%.
Get Wallstreet off it's back. Give the company time to regroup, retrench, innovate and FOCUS on the future.
Good luck to all Yahoo employees and users.
A Shame it's come to this.
I just know what I previously posted. That abalyst had a target at 35. That target has'nt changed. Just a valuation call to take profits, I guess.
Never forget...click on original message...glad they (old messages) are still here, for history sake.
cup and handle??? Looks like a n0-brainer with earnings blow-out coming soon.
Does anybody participate in the DRIP program with Schwab. I think my shares are in the "streets" name and I want to start getting the dividend with the 5% discount. I know Schwab uses Equiserve as a transfer agent. Should I ask Schwab to transfer shares in my name? Would that be enough? Seems that some of these brokers are not that receptive to dividend servicing. My Schwab dividends that are re-invested always seem to be the high price for that day that they finally get around to re-invest divvy's. Any help or suggestions would be appreciated.
Plug Power Dissipates
The Motley Fool Take
Fuel Cell Primer
By Rich Smith
August 2, 2004
Hydrogen fuel cell pioneer Plug Power (Nasdaq: PLUG) -- a competitor to both the eponymous company FuelCell Energy (Nasdaq: FCEL) (about which fellow Fool Seth Jayson wrote last month) and Ballard Power (Nasdaq: BLDP) -- reported its second-quarter and first-half earnings Wednesday. How did Plug Power do? Hint: The company's "financial results" section leads off with the line "Net cash used in operating activities." Not a good omen.
Read on if you dare, dear Fool, but make sure to first screw your courage to the sticking place.
Under generally accepted accounting principles, Plug Power posted a net loss of $23.25 million over the past six months, narrowing its loss from the year-ago period by nearly 13%. Revenues increased 15% on the strength of a 119% increase in revenue from research and development contracts. (Sales of actual products and services, however, declined 32%.) Unfortunately, while Plug Power succeeded admirably in winning new R&D business, this does not appear to be a very profitable line of business. The costs that Plug Power incurred in obtaining those revenues increased by more than the revenues themselves -- 127%.
From a free cash flow perspective, too, the company is a serious cash burner, with negative free cash flow approximating $40 million per year. While at that rate, the company has enough cash on hand to remain in business for the next two years, potential buyers into President Bush's hydrogen economy dream still need to pay attention to one final caveat.
Last year, Plug Power sold $85 million worth of new stock -- or a little more than you will find in its bank accounts today. Thus, unless and until the company generates positive free cash flow, investors should expect substantial ongoing stock dilution from this company as it struggles to stay solvent. Over the past five years, the company has diluted existing shareholders at an average rate of 23% per year. Meanwhile, its sales have risen at an average rate of just 3.2% per year.
Rule of thumb for investing: Companies that sell products are good; those that sell stock, not so much.
Today's PLUG news. YYYYAAAAAWWWWWNNNNNNNNN.
This really by all fundementals should be around 2 bucks a share, tops. I know, I know GE, DTE,hype, B.S., blah blah blah. Sorry, I still say 2 bucks.