Got back in in the $1.30's. Had sold all my remaining shares when it bounced to $2.20. So it dropped 40% from that 2.20,the merger has gone through somewhat improving the balance sheet, of crucial importance to me, Demers is gone,he seemed useless like a deer in the headlights after his dream of hordes of NG trucks didn't work out, and Nancy G. has always struck me as very competent and sharp.
The fact is the stock has had a lot of correlation with the price of oil and with the expanded portfolio and territory it may break some of that. As much as the price of gas and diesel hurt the stock, and lately it's a bit of a bad combo of NG having rallied a lot while the oil rally is fizzling, it doesn't change the fact that trucks will need to make tougher emissions standards and NG will be one of the easier ways. HPDI 2.0 sounds like it could be a big deal so I like the stock down here.
Getting back into big losers has not been a great strategy, I just think this merged company seems much better, and yes, even if it's still mostly status quo, I think the change in CEO is very positive.
When we were sitting at $1.40 it looked like an institution was accumulating,dept sitting on the bid with a huge amount of shares which did end up filling. I suspect a lot of Fuel Systems holders who didn't like the merger have been dumping their shares, depressing it back down here, hard to say, but this price seems too cheap.
