I bought CPST at .90 because I could afford to lose the investment, but felt like the technology was too good to bust. They have not turned a profit in the approx. 1 year I have owned it, but I did double my money (i only own 2000 shares), on expectations and some improvement in the financial .
Truth is that management has always run this on revenue expectations, not profit discipline. Criticism has been well placed, but the future is undeniably good. So good, I would not be surprised to see a buy out, friendly or otherwise.
I respect the long term holders for their tenacity, but this will not return to the $3.00 level until a profitable O/I (operating income) is maintained for 2 quarters, minimum.
....just my opinion, hope CPST can continue to optimize the supply chain (material costs), control the SGA (too high) and build a profitable enterprise. The stockholders deserve that, the BOD has been too complacent.
New to CPST in the last 6 months: what is the standard lead time for commissioning a turbine? Seems to me that they need to standardize more, reduce lead times, so revenue from backlog gets efficiently captured, then make more according to demand? (Disclosure: bought 2000 shares at .90).