Hi dividend man! Instead of making an announcement, I'd rather see mgmt. buy a few hundred thousand shares of CLMT at these low prices. That would have a bigger effect than anything they would say in an announcement.
There was nothing imbecilic about toadj's post. He was observing that FCEL had made big, upward moves during the last couple days at this time of the day. That doesn't mean it's going to happen all the time.
Hey, guys, good timing on your recent purchases. I assume you're up already about 20% in less than 2 days. I wish I had your patience. I bought more last week at about 23. After a quick drop to sub 19, I'm glad that I'm at least back to even. Go CLMT! Pre-market conditions look favorable today.
toadj, you warned us last night not to expect great things today. We're still down $.03 for the week, and even last Friday's $1.62 close was lousy. On the other hand, where would we be if earnings amd/or the conference call had been disappointing? $1.25 per share?
It was good to see CLMT hold its gains today while the rest of the market sold off in the last hour. At least for one day, we bucked the trend. Of course, we got a long way to go to get back where we were when earnings were announced. One day at a time.
Unfortunately Bill, my energy intensive already got me into serious trouble. I remember when oil was trading at $100 per barrel this summer, and many experts were forecasting we'd see $120 to $140 per barrel. Now, the same experts are predicting that we'll go below $50.
Anyway, RSG is having a decent day today, so we'll see what's around the corner.
The problem we're having is that FCEL's price has been held hostage by the price of oil. As I type this message, oil futures are down a $.25 tonight. I hope we get a trend reversal overnight. If we do, we should trade above $1.70 within thirty minutes of the market opening. If oil keeps sinking, however, we'll be lucky to scratch out a gain.
Good points, Bill. My portfolio has also taken quite a hit, thanks to my brilliant decision to be energy intensive. That's why it's frustrating that RSG hasn't counterbalanced my losses with a strong rally. Ah well, maybe we'll start to see some upward movement.
Yoy comparisons were necessary to refute your contention that FCEL was burning cash. Quite to the contrary, their cash position is greatly improving.
Good points. On the other hand, I like it when the bar is set really low. It makes it easy to meet or beat expectations. FCEL's stock price is so low that even average news should create a lift.
Their cash and/or cash equivalents is $108.8M compared to $77m from October, 2013. They also have $43M available through their loan agreements as compared to only $1.5M from last year. So, it's a hardly a cash burn.
Their service backlog increased from $166.8M to $196.8M and their advanced technology contracts increased from$18.5M to $24M. The only concerning number was the decrease in sales backlog.
Diogenes, I highly doubt that tax selling is a significant factor in CLMT's decline of about 45% in only 2 months. Right now, anything that has to do with oil and energy is poison to the market. CLMT's earning release in February will be hugely important to show that CLMT is well positioned in today's environment. In the meantime, who knows?