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I guess that is why we see so few Zeppelins flying around...
"Oh the humanity...."
Please go back and you will see that WPRT was falling when oil was still high ! Has oil dropped 99% in price the way WPRT has?
The reason for WPRT's fall has more to do with a flawed business model and lying management...the drop in oil prices has just added to drop.
Very disingenuous reasoning "my brother".
Perhaps the holders who bought at these 10 year lows will be rewarded, but those who bought in the double digits won't ever have reason to smile again.
HEADING TO A NEW LOW?
In spite of all of the good news?
What could be wrong? Is the business model broken? Is growth slowing? Are margins under pressure? Is the competition gaining?
A NEW TEN YEAR LOW !!!!!
I keep reading about all of the good news....and yet CLNE continues to FALL.
Why is that? Does the business model not work? Posters keeping telling us to wait....,but the longer we wait the LOWER the share price falls.
Upside? From $40 to $2.00?
Only you could look at WPRT at $1.91 and say "nice upside".
We are headed to $0.00.
What a lovely work of FICTION.
I expect, the Quarterly numbers to show that the growth rate is slowing, when it should be accelerating. I expect overall numbers to be negative, AGAIN.
$2.00 today is BANKRUPTCY in 3 years ! UNLESS THERE IS A CHANGE IN MANAGEMENT!
With the merger, this company will be bankrupt in 3 years; without the merger WPRT will be bankrupt in 2 years.
This stock went from $40 to $2.00 in 3 years, and oil prices were much higher than they are today.
Oil will remain south of $50 for at least 2 years, and the rate of growth in the alt fuels sector is slowing when it should really be accelerating.
I would say that a stock that goes from $40 to $2 is a bad investment, and I do not see ANYTHING materially positive, including the merger, that will change this outlook short of a change in management.
ACCORDING TO FORD...
Only up to about 5,000 units per year....YAWN.
Not enough to move the needle... still under $2.00/share.
That must explain why we are at 10 YEAR LOWS!!!
Did everyone see the video of the exploding CNG Truck?
Hence the PINTO II reference.
Did you happen to hear how many CNG vehicles hopes to sell?
HOPEFULLY... 5,000.....YAWN !
FORD'S NGV TRUCK : THE PINTO II
ENRON MUST HAVE LOOKED LEGIT TO YOU !
WPRT has dropped nearly 50% since announcing the merger with FSYS.
FSYS dropped MORE THAN 50%.
This is NOT a good sign for a merger..., unless the is a merger of WEQUALS.
TOXIC FINANCING ! Have you read the terms?
This is one of the worst financing deals I have ever seen.
WPRT obviously couldn't secure any traditional financing, so they had to do this latest deal.
A DEAD CAT BOUNCE? HEAD FAKE? FOOL's RALLY?
We have had a great ride from $40 to $1.30, and I am happy for those who are in the money both short or long.
In the past 4 years though, we know which side has been happier.
Pretty scary indeed ! But you were warned long ago.
Hulk don't tell me you're long LNG & WPRT !
Next you will be saying you are in FSYS and CLNE as well.
A glutton for punishment. Guess which stocks I have been shorting for more than a year?
NO ! WRONG! MHR shares are WORTHLESS>
Stop spreading FALSE HOPE !
Look at what happened the BPZ. This is your fate.
The new finance deal is killing this stock !
I think everyone realizes that this deal looks like a pre-liquidation financing. Very bad for existing shareholders.
EVERY DAY IS WORSE THAN THE DAY BEFORE.
I am seeing a negative pattern , for more than 3 years!
Who said $6.00's....?
Captain? Lucky? Am I missing something?
FALSE HOPE. THE SHARES ARE WORTHLESS !!!
Boone Selling, State Street Selling, CITI Selling, CLNE Selling.
Hey guys, I think I know why this stock is at a 10 YEAR LOW !!!
If you are not a seller, or a short covering, you are SOL.
Oh, Look,,,A NEW 10 YEAR LOW!!!!
This company couldn't make money at $100/bbl and the alt fuel party is over. Only the real companies will survive, and this is NOT a real company.
Don't ask these boards about what you should be doing.
You will only get bad advice.
But I am curious as to why on earth you would buy this stock. What information in the public domain, made you think that this was a sound investment? Was the Brooklyn already under contract?
ABOUT 15 million!! ALL UNDER WATER !!!
Just like Boone WIND, Boone WATER and BOONE Natural Gas.
All of these deals also went bust for the share/bag holders.
But if you look beyond the superficial and PR, you will see a fatally flawed company and business model that could not make a profit when oil was $100/bbl, and lacks the management team to execute at these much lower economics.
If this was such a great investment, why did Boone DUMP Millions of Shares ?
Not only not enough stations or trucks..
Not enough articles...this niche is fading fast....
That new CONVERTIBLE financing went over well !
I think the market really likes the news....
This might explain our new 10 YEAR LOWS !
THE PRICE OF PARADISE JUST WENT DOWN !!!
You were warned...
Does anyone have any questions?
A NEW WEEK and a NEW LOW.
CLNE is obviously NOT paradise.
But it is close, if you are short !
ROTTEN TO THE CORE:
I saw this on Yahoo...thank Beeny.
Westport's Proposed Takeover Of Fuel Systems Solutions: 'Rotten To The Core'
Jan. 11, 2016 7:55 AM ET| About: Fuel Systems Solutions, Inc. (FSYS), Includes: WPRT
Disclosure: I am/we are long FSYS. (More...)
Summary
WPRT is capturing $63 million net cash from FSYS, with no money down.
WPRT will swap 38.5 million of their shares, to seal the deal.
FSYS' market cap, now equates to its cash holdings.
FSYS was buying back their own shares at $11, but will settle for just $3.50.
This proposed transaction is outrageous and a white knight could emerge.
Talk about sheer insanity. That's a gargantuan understatement when it comes to the caper Westport Innovations (NASDAQ:WPRT) is about to pull off. It is even more inconceivable when considering these guys have been burning through cash, have net debt of $24 million, and shareholder's equity of just $1.33, yet will be nabbing Fuel Systems Solutions (NASDAQ:FSYS), easier than taking candy from a baby.
The guys at FSYS are no babies either. They have been in business several decades, possess a pristine balance sheet, and tally annual sales of over $300 million. In fact, I have been promoting them for many years, because of their superior value metrics. FSYS has $63 million of cash, is EBITDA positive, and features a book value of $9.22.
They even have a stock buyback plan in effect, and have already bought back over 10% of their shares outstanding. The company's market value of $3.56, is just a few pennies more, than its cash value per share of $3.48. Can you believe that? It is a extremely rare occurrence when a enterprise has more cash, than its market value.
They were buying back their shares in 2015 in the open market, under their $25 million stock repurchase plan, at an average price of $11. Why on earth would they be content on selling those same shares today at $3.50? This adds up to nothing short, of lunacy.
Now, WPRT intends to print up 38.5 million shares and swap 2.129 Westport shares for every single FSYS share, to consummate the marriage. In the process, they will immediately capture $63 million of FSYS' cash hoard. They are essentially being paid to take over the company, suffering only "share dilution" as a consequence. A wonderful deal for WPRT shareholders, and the clear perception of a more than "woeful" transaction, for FSYS shareholders.
If anyone would have told me, that FSYS was going to be acquired, and just three months after the announcement their shares would be trading 50% lower, I would have thought they were absolutely out of touch with reality. Normally when a buyout occurs, the acquired company's shares go up, not down. Just last Thursday, the shares lost 25% of their value, on absolutely no news.
It appears I'm the one that is out of touch because due to this coming debacle my portfolio value has been sliced in half. To make matters worse, I am being forced out of my position due to margin calls. You see, when a stock falls below $4, the lending broker basically does not allow borrowing power on it.
There is no one to blame but myself. I simply had too much skin in the game because of the attraction and lust I possessed for this name. Its extreme bargain metrics looked just too good to be true, and guess what? Evidently they were not. I simply drank the Kool Aid and became too emotional and stubborn about this stock.
I am unclear why this proposed deal has not been revised, cancelled or subject to a new bidder (the cancellation penalty is a mere $5.5 million), especially considering the vote (by each board) to approve it, occurred when the shares of both companies were twice the price. In my opinion, that is a game changer. What was good three months ago, is definitely not good today, and please don't blame it all on the fall in oil prices.
This transaction seems dubious at best, and I am completely dumbfounded that WPRT hasn't even raised its payment ratio to at least a 2.50 exchange rate considering the tragic decimation of both these stocks. I am also puzzled why a white knight hasn't evolved with a sweeter offer such as T Boone Pickens' Clean Energy Fuels (NASDAQ:CLNE), the final public company of three, in the alternative fuel sector. Perhaps all three of these companies should combine forces?
I spoke with WPRT's investor relations manager and he relayed the voting materials will be out in mid Feb. and the deal will close just three days later. He said he is more than confident that FSYS shareholders will approve it. I am flabbergasted why shareholders would vote for something so outrageously unfair - most notably, activist hedge fund Becker Drapkin (FSYS' largest shareholder). Any way you slice it, this apple is rotten to the core.
ROTTEN TO THE CORE
Westport's Proposed Takeover Of Fuel Systems Solutions: 'Rotten To The Core'
Jan. 11, 2016 7:55 AM ET| About: Fuel Systems Solutions, Inc. (FSYS), Includes: WPRT
Disclosure: I am/we are long FSYS. (More...)
Summary
WPRT is capturing $63 million net cash from FSYS, with no money down.
WPRT will swap 38.5 million of their shares, to seal the deal.
FSYS' market cap, now equates to its cash holdings.
FSYS was buying back their own shares at $11, but will settle for just $3.50.
This proposed transaction is outrageous and a white knight could emerge.
Talk about sheer insanity. That's a gargantuan understatement when it comes to the caper Westport Innovations (NASDAQ:WPRT) is about to pull off. It is even more inconceivable when considering these guys have been burning through cash, have net debt of $24 million, and shareholder's equity of just $1.33, yet will be nabbing Fuel Systems Solutions (NASDAQ:FSYS), easier than taking candy from a baby.
The guys at FSYS are no babies either. They have been in business several decades, possess a pristine balance sheet, and tally annual sales of over $300 million. In fact, I have been promoting them for many years, because of their superior value metrics. FSYS has $63 million of cash, is EBITDA positive, and features a book value of $9.22.
They even have a stock buyback plan in effect, and have already bought back over 10% of their shares outstanding. The company's market value of $3.56, is just a few pennies more, than its cash value per share of $3.48. Can you believe that? It is a extremely rare occurrence when a enterprise has more cash, than its market value.
They were buying back their shares in 2015 in the open market, under their $25 million stock repurchase plan, at an average price of $11. Why on earth would they be content on selling those same shares today at $3.50? This adds up to nothing short, of lunacy.
Now, WPRT intends to print up 38.5 million shares and swap 2.129 Westport shares for every single FSYS share, to consummate the marriage. In the process, they will immediately capture $63 million of FSYS' cash hoard. They are essentially being paid to take over the company, suffering only "share dilution" as a consequence. A wonderful deal for WPRT shareholders, and the clear perception of a more than "woeful" transaction, for FSYS shareholders.
If anyone would have told me, that FSYS was going to be acquired, and just three months after the announcement their shares would be trading 50% lower, I would have thought they were absolutely out of touch with reality. Normally when a buyout occurs, the acquired company's shares go up, not down. Just last Thursday, the shares lost 25% of their value, on absolutely no news.
It appears I'm the one that is out of touch because due to this coming debacle my portfolio value has been sliced in half. To make matters worse, I am being forced out of my position due to margin calls. You see, when a stock falls below $4, the lending broker basically does not allow borrowing power on it.
There is no one to blame but myself. I simply had too much skin in the game because of the attraction and lust I possessed for this name. Its extreme bargain metrics looked just too good to be true, and guess what? Evidently they were not. I simply drank the Kool Aid and became too emotional and stubborn about this stock.
I am unclear why this proposed deal has not been revised, cancelled or subject to a new bidder (the cancellation penalty is a mere $5.5 million), especially considering the vote (by each board) to approve it, occurred when the shares of both companies were twice the price. In my opinion, that is a game changer. What was good three months ago, is definitely not good today, and please don't blame it all on the fall in oil prices.
This transaction seems dubious at best, and I am completely dumbfounded that WPRT hasn't even raised its payment ratio to at least a 2.50 exchange rate considering the tragic decimation of both these stocks. I am also puzzled why a white knight hasn't evolved with a sweeter offer such as T Boone Pickens' Clean Energy Fuels (NASDAQ:CLNE), the final public company of three, in the alternative fuel sector. Perhaps all three of these companies should combine forces?
I spoke with WPRT's investor relations manager and he relayed the voting materials will be out in mid Feb. and the deal will close just three days later. He said he is more than confident that FSYS shareholders will approve it. I am flabbergasted why shareholders would vote for something so outrageously unfair - most notably, activist hedge fund Becker Drapkin (FSYS' largest shareholder). Any way you slice it, this apple is rotten to the core.
ME TOO. But no one LIKES to hear bad news.
There is lots of BAD NEWS coming for CLNE.
ME TOO. But no one LIKES to hear bad news.
There is lots of BAD NEWS coming for CLNE.
If you post on Yahoo Finance you can give "Thumbs UP" or "Thumbs DOWN".
I POST BECAUSE I CAN !
My apologies to Descartes.
It is all over, the Petroperu vote didn't matter, the share holder vote didn't matter, and all of your money is gone. Billions were squandered, and so much potential has vanished to the Cayman Islands.
Maybe they will go public again someday, and we can all play along. I hate it when an ATM goes away...
WPRT WON"T EXIT IN 2 YEARS !!
Let alone be around in 3. The company has never made a profit, and now with oil under $50...it is only a matter of time before DEMERS destroys the remaining value.
And they can't even walk away from the lousy FSYS deal, because they can't afford to pay the $5.5 million break-up fee!!!
WHY HAS WPRT FALLEN FROM $40 to $1.50?
If 2016 is to be great because near-zero emission vehicles are coming, why are WPRT and FSYS at all-time lows and going Bankrupt in 2016?
It must be because NGV's are such a great business.
WPRT couldn't make a profit when oil was $100 !
Their business model doesn't work, regardless of the price of oil.
This is why WPRT has gone from $40 to $1.50. Smart investors realize there isn't a real (legit) business there.