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Cummins Inc. Message Board

rbtsherman 486 posts  |  Last Activity: 1 hour 33 minutes ago Member since: Aug 3, 2009
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  • Reply to

    Free opinion. Free criticism welcomed.

    by b.cz32 Sep 19, 2014 10:25 PM
    rbtsherman rbtsherman 1 hour 33 minutes ago Flag

    IT WOULD BE NICE IF YOU WOULD JUST BE HONEST IN SOME FORM
    Wprt sells medium duty
    If you look at China which is and will be their large sales
    Almost all is medium duty
    There is zero or none or minus chances of wprt od wprt making $8,00 to $15,000 per vehicle on ice packs
    They could not sell them as they where
    Local in China wanted their tanks produced locally
    So Basically westport supplies the working parts and they are doing this cheaply or they would get another
    Yes it woks better with wprt,But in China its price and price and price
    China has set the stage for the hpdi
    What less than 25 this year and less than100 in 2015
    Do not spend you money they are going to make on those kind of sales
    Its not be that has to be defensive
    You are totally wrong on profit and A 150 in sales till 2016 is what
    nothing,nothing ,nothing
    Yes there will be some lng
    But just go look at how many lng plants are planed in the US for use in the US
    a few
    You can not have lng use with out plants and it takes a while to build plants
    So maybe large use in 5 to 10 years
    So for now not
    I am sayng what is going to be there in the next few years inabove
    almost nothing
    And 15 to 25 % increases is almost nothing
    You need a lot more than that to be over all profitable
    Any thing it comes up with has a 5 to 10 year life span
    You have to continue to improve as others will have it too
    All you bring up is years away

  • Reply to

    What Happened to WPRT

    by chuckfarlie77 Sep 18, 2014 5:33 PM
    rbtsherman rbtsherman Sep 20, 2014 6:29 PM Flag

    1.. gasoline or diesel will be made from ng
    2..price of ng vehicles still too high
    3..better diesel and gasoline vehicles
    4.others getting into the field
    5..cng is going to be the winner ,so most see this and are only going to invest in cng vehicles and only if they can get cheap cng and a places to get that
    6..neither the gas companies or the station owners willng to invest in pipe to a station ill ng is bigger in large amounts

  • Reply to

    Free opinion. Free criticism welcomed.

    by b.cz32 Sep 19, 2014 10:25 PM
    rbtsherman rbtsherman Sep 20, 2014 6:21 PM Flag

    Its simple
    Yes its growing
    For its price it is at now it needs 10 t0 100 times todays sales
    And even if sales are that high it may not be wprt
    Ng is getting bigger in the world
    There will be more players
    Thats why the price is where it is today
    Way too high a price
    And other getting into it

  • Reply to

    Free opinion. Free criticism welcomed.

    by b.cz32 Sep 19, 2014 10:25 PM
    rbtsherman rbtsherman Sep 20, 2014 6:16 PM Flag

    This company is or was a billion dollar company
    Westport has said the company would grow 25 to 30% a year
    It is way behind this for the last 5 years
    The next
    In order for ng to do any real growth prices must come down
    At least 10% a year and lower % profit margins
    So we will say 15% less per vehicle,for the US
    So that 27% is nothing if you take 15% off

  • Reply to

    BABA is a "VIE"

    by lemew Sep 19, 2014 6:39 PM
    rbtsherman rbtsherman Sep 20, 2014 6:08 PM Flag

    yjit is not like chng
    You actual own the company
    but you have almost no voting rights in what it does
    A safer play would be Chinas two largest oil and gas companies
    They pay a dividend
    small but both companies have huge growth and dividend has been growing a lot too
    Both will be bigger than Exon in 10 years

  • Reply to

    BABA is a "VIE"

    by lemew Sep 19, 2014 6:39 PM
    rbtsherman rbtsherman Sep 19, 2014 11:42 PM Flag

    if you look at ant investment that has done well in China
    Its a large national company
    China government owned or majority government owned are guaranteed to grow and do well but China has learned that none do it better and less mistakes
    This companies goal is to help small China companies grow
    So it will get government support
    t has gotten help and money from the US
    It would not have if owned by the Chinese government
    China is switching from government owned
    How could you not own with its growth rate,profit etc.
    IT will expand to just not China

  • Reply to

    So if not WPRT then who?

    by gbwy3 Sep 18, 2014 5:50 PM
    rbtsherman rbtsherman Sep 18, 2014 6:26 PM Flag

    Go look at weichai other suppliers
    Heck China been using a lot of ng vehicles for a long time
    The play may be companies like Cummins and Weichai
    They have buying power and can make who ever they want successful
    Who do you think made westport successful
    It was not westport
    It was Cummins
    It was cummins engineers that where used in the partnerships
    In trains I would say GE
    No one else has that kind of money or few

  • Reply to

    my offer of $0.45 ignored

    by lemew Sep 18, 2014 10:48 AM
    rbtsherman rbtsherman Sep 18, 2014 4:30 PM Flag

    i like honesty period

  • Reply to

    my offer of $0.45 ignored

    by lemew Sep 18, 2014 10:48 AM
    rbtsherman rbtsherman Sep 18, 2014 4:18 PM Flag

    how would a person now?
    I personally have no idea what I could get
    Just because it sells on one exchange at a certain price that does not mean I could get that
    I personally put a price and quantity
    If no one on only the one exchange that My broker uses does my trade go threw
    This is probably true for many of us

  • Reply to

    my offer of $0.45 ignored

    by lemew Sep 18, 2014 10:48 AM
    rbtsherman rbtsherman Sep 18, 2014 1:18 PM Flag

    so
    If you had access to all exchanges and could buy and sell on all and see all bids than you could become a market maker

  • Reply to

    my offer of $0.45 ignored

    by lemew Sep 18, 2014 10:48 AM
    rbtsherman rbtsherman Sep 18, 2014 12:48 PM Flag

    This happens all the time
    You have not said
    Does who you use post on just one exchange?
    If so than some on that exchange must be willing to sell to you
    With such a small traded stock there are no market makers

  • rbtsherman rbtsherman Sep 17, 2014 7:39 PM Flag

    You are correct
    Nothing happening in the US
    And in China that are making almost nothing
    So its will wprt hpdi be a good product and cheap We are a long way from mass production so not cheap
    So we are still in the early stages with no sure that wprt will be the winner

  • rbtsherman rbtsherman Sep 17, 2014 7:36 PM Flag

    i would glade if you would post it
    The point is what ever it is ,its no where close to any thing
    Not for a billion dollar company
    The cost in The US is just too much
    In China you will see it come down a lot
    But tar is a year or two away
    We need 10 or 100 times these sales for a billion dollar company

  • rbtsherman rbtsherman Sep 17, 2014 3:23 PM Flag

    how could sales go up a lot if production is not
    Cummins has announced no increases

  • rbtsherman rbtsherman Sep 17, 2014 3:21 PM Flag

    when would you ever be stupid enough to believe anything clne says

  • Reply to

    1y Target Est: 12.00

    by lemew Sep 11, 2014 4:06 PM
    rbtsherman rbtsherman Sep 12, 2014 11:47 PM Flag

    the pecking order
    The loan company gets 100%
    the two law suits ,old share gets 100%
    $6 for some,a few %
    $2 for all the rest
    And if any thing left ,todays share holders

  • Reply to

    1y Target Est: 12.00

    by lemew Sep 11, 2014 4:06 PM
    rbtsherman rbtsherman Sep 12, 2014 11:28 PM Flag

    the two US law suits are probably around 40 million
    That might eat up more than than the 25% share of the plant
    So maybe now you see why the stock is not selling for much

  • Reply to

    1y Target Est: 12.00

    by lemew Sep 11, 2014 4:06 PM
    rbtsherman rbtsherman Sep 12, 2014 11:08 PM Flag

    yes the trustee needs help in dealing with the chinese companies,vres and how china wants this since he has no authority on the vres assets
    The development bank is backing the loan company and thats the Chinese government
    So its as I have said ,the loan company will get control of the vre that has the plants
    The only other thing to decide is what do the two US law suits get and whats left after that

  • Reply to

    1y Target Est: 12.00

    by lemew Sep 11, 2014 4:06 PM
    rbtsherman rbtsherman Sep 12, 2014 7:31 PM Flag

    I am just going from memory
    The judge has said basically
    Chng is not helping in looking at the assets
    As I have said in the past
    Chng owns the vers
    We do not now what management of the vres have in their contracts or possibility of them owning or in their contracts penalties etc,
    I do not now what good it would be for a trustee to go to China
    He has zero power over the vres
    These are Chines companies
    We do not now if chng has ordered that the vres to cooperate with the trustee,That would be my guess
    But theu are Chinese companies and China and these companies can do what ever they want
    The most the US can do is force chng to sell its rights in these companies
    The judge just is having a hard time coming up with what these vres are worth since the assets are held in the vres name and all their assets must be owned by a chinese company
    As the judge and the loan company has said
    Its time for chng to stop putting off and pay
    And my opinion is
    If chng can not than give the loan company and the two law suits what ever they want
    The trustee is going over to China to find out how to give these
    three that

  • Reply to

    1y Target Est: 12.00

    by lemew Sep 11, 2014 4:06 PM
    rbtsherman rbtsherman Sep 12, 2014 3:24 PM Flag

    i alwaYS COULD BE WRONG
    The assets are held by the vres
    The vres are chinese companies
    All or most of these assets by Chinese law must be owned by Chiinese copmpanies
    A US judge has no authority to enforce any thing on these assets
    From what I have seen and that is little, the management is not fully cooperating with the judge on value and maybe selling of these assets
    I coarse thats my opinion but the judge has said so
    So its a waiting game
    And as I said many years ago
    This is chng management plan
    Hold off as long as possible
    But I also said the judge is trying to stop this
    So some thing will happen in the next few months and that will be an end of chng being in control of the plant with the loan company being in control
    As far as that
    Chng will get say 25% owner ship and much less than that once more is invested by the loan company in the plant
    A new loan for growth will cause a much smaller % for chng but a larger plant in phase 2 and 3
    The only thing really to be decided is the 2 US law suits and
    the above does not include that

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137.89-0.82(-0.59%)Sep 19 4:01 PMEDT

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