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1.3 million shares in the last minute? Is something up?
My chart does show a tick up to 1.0299 in the last few seconds of trading, although the close is pegged at 1.01.
After hours shows that trade occurred at 16:00:29. The NASDAQ is showing the market close at $1.02.
Well, the silence around here is deafening. Only the August 3, 2012 order for 5 C65s, to a Fortune 100 Oil and Gas company in Thailand, has been announced since the dry spell from the July 11, 2012 Colombian order announcement. Surfing the Capstone site, as well as Google reveals nothing lurking out there.
Maybe if I scratch my head again the price will tick up and a huge sales order will be announced soon. The backlog is a nice thing to have, but the depletion of it in the face of no new orders isn't encouraging.
The silence speaks for itself--no news, not much to write about.
It all depends on your perspective. The largest foreign holder of US Treasury securities, China possesses $1.169 trillion in American debt, although it is down from all time highs of $1.314 trillion in July 2011.
Now, if you were China would you accept newly printed dollars in exchange for all of those almost worthless "T" bills or buy real assets such as oil and gas plays, acreage, farmland, houses, and refining facilities like Cheniere? BTW- Cheniere (LNG) is up almost 4% today.
Hawaii Gas Applies For Permit To Import LNG
A ways out but 40' intermodal trailers with full LNG tanks installed would be a great fuel source for Capstone Turbines.
On my chart the Bollinger is clearly showing the "Great Blue Heron in flight pattern" which generally indicates a further move upward. Honestly, I've never seen such a flat line as long as the share exchange between about 1125 and 1235 or so.
China's Sinopec eyes stake in Texas power project
More here from the original source, the WSJ
Such a move would be significant for Sinopec, which is looking to build favor in the U.S. as it aggressively acquires energy reserves and seeks U.S. production expertise, currently through minority stakes and partnerships with Western companies.
A person close to Sinopec said the company wants to learn from the project, and would use expertise gained in Texas to bolster enhanced oil-recovery efforts in China's large Shengli oil field in the eastern province of Shandong.
The 400-megawatt Texas Clean Energy Project will be an Integrated Gasification Combined Cycle facility capable of capturing between 90 and 99 percent of the carbon dioxide, sulfur dioxide, nitrogen oxide and mercury it produces.
The project will receive $450 million in federal funding, according to the U.S. Department of Energy. The facility is expected to be fully operational in 2015.
It would be nice if Capstone could get a piece of that action, although more than likely the Chinese would rip off the Capstone Turbine design and sell them via Harbor Freight.
Additional info on Siemens role
Interesting article on Capstone's "In the News" section titled Gas, Oil Power Turbine Maker featured in the Los Angeles Business Journal.
This article, while good press for Capstone's penetration in the Oil and Gas industry, is not very flattering as to Capstone's penetration into other markets. The author puts forth his opinion that Capstone must lower the cost of micro-turbines to compete. This opinion flies in the face of Capstone's business model of raising prices and cutting cost on the road to profitability.
Personally, I think that if we continue penetration into the Gas and Oil industry, due climate control mandates (no flaring,) remoteness of drilling sites, no grid near pipelines, and low maintenance, etc., we'll be okay. The author does point out that the large Oil and Gas companies tend to take a longer view and understand the amortization of the cost differential, over time, will be positive when making a choice between micro-turbines and reciprocating engines.
The much talked about contract with Orion (AKA BP Alternative Energy) would be nice to see these days as that of course is another market entirely.
Just a guess, but I am thinking that the major Institutional Shorters aren't earnestly trying to drive the PPS down much harder beyond what the PPS is right now.
Of course, a rotten market day might change that......
Of course we all have our opinions don't we? Big sell at 1347 started a turn down. Volume still light but a downward trend at this point doesn't bode well imho
I realize we've all done the math, but here is a crib sheet for those who haven't. Thanks to Jesinternational at IV
During the 2013 First Quarter only $23.5 million in Product Revenue was shipped, leaving a balance of $115.5 million in Product Revenue for the remaining three Quarters in Fiscal 2013, or nearly $39 million per Quarter in Product Revenue alone, not including any Parts & Service Revenues.
One quarter does not make up Y/Y but this isn't exactly the lead off we had in mind. I know we could of, maybe, included those 2 C1000s on the dock, but that would still have left us a bit short. Hopefully enough of the backlogged units will be delivered this year to make the numbers work. 39 million a quarter in Product Revenue is going to take some serious sells and delivery efforts.
I believe that we were all looking for some blowout numbers for Q1 and the fact that we didn't beat expectations has soured many on this company. The most common sentiment I'm reading is negative or are quite gracious in trying to put a positive spin on things.
All that said I'll take today's 1 cent gain.
Perhaps this is the one that will put us over the top.
Q1 1013 -- "We're expecting another follow-on order from Origin Energy, which is something that we've been waiting for, for quite a while."
It would be real nice to see this effort come to fruition as I seem to recall it was, or is to be, a very significant order.
Q1 2012 -- Could this have something to do with wanting to see a unit run on the shipping dock?
"The significant difference in our GAAP and cash-based gross margin centers around a $1.4 million non-cash warranty accrual. Capstone's warranty expense continues to run higher than anticipated on the new C200 and C1000 Series product lines. In certain instances, we've elected to take strategic reasons in play and upgrade even early ventured C200s to today's more robust design. Because we are selling a premium product and because every C200 and every C1000 seated in the market is a potential customer testimonial, it's imperative that all of our products meet or exceed customers' expectations. With that being said, management has taken several steps to more cost effectively and efficiently upgrade these older units and lower the warranty rates to targeted levels as quickly as possible."
Q2 2012 -- Seems to me that most units are shipped to the "End User Customer per the CC. Seems to be a reasonable model. Several days delay isn't going to cause Capstone heartburn (except at the end of this last Q1) as stated in a prior post. I don't recall ever hearing anything about "Dock Trials" except in the ship building industry and even there the GE Turbines or Low Speed Diesels get their first chance to spin up after installation.
"Well, 2 issues on the backlog. Number 1, we try to go just in time with our customers so we make sure that we ship the product directly to their end-use customer, to the job site. Air bearings are a fantastic invention, but they're not wine and they don't sit very well over time, so we do not want the product to sit in the field or sit in somebody's shop. So we're trying to match our product manufacturing to the requirements of the customer, which makes us a little susceptible to construction schedules and construction delays,"
The above quote gives some good insight into the reason for backlog and "just in time" shipping. As far as to the issue of responsibility you might be amazed at what good management can do if they have to meet a certain schedule or ship date. Of course, we'll never know the reason for the dock trial and it really isn't important except hopefully the AR will be reflected this quarter.
Perhaps he's speaking about Q2 2012:
I'm just wondering if we can touch on the cash balance, I guess first question is an idea of where the cash balance stands today or how collections have been to this point in the quarter?
Darren R. Jamison - Chief Executive Officer, President and Director
Yes, we really can't give you details on the collections. I think that -- nothing abnormal, either positively or negatively, but overall, our DSOs slipped 2 days last quarter which was disappointing. We hope to get that back this quarter and pick up 3 or 4 days to the positive. Nothing real earthshaking that several orders or several payments came in right after the end of the quarter. Again, of our 95 distributors, I think 93 are not public companies, so for them, paying 3 days later doesn't mean a whole bunch for us. Obviously when we take 4 snapshots a year, it seals the deal [ph]. So we continue to manage collections very closely. We're trying to manage everybody's credit terms and support the distributors' growth, but on the other side, not to open the subject to too much risk which is always a challenging thing to pull off. But in general, we would expect DSOs to come back again in Q3 and working capital swing back our way in Q3.
I'll 2nd that if I'm allowed.
Kind of figured something to defend inventory "sitting on the dock would emerge" even though you bemoaned "the same thing in post 13361, i.e. "Unpaid, undelivered product on the dock resulting in lower revenue was very disappointing, even in the face of continuing better basics.." Nevertheless, comparing driving a car prior to buying it and running a Capstone Turbine Assembly in situ on the dock and in the field are two entirely different animals. The Capstone may work fine on the dock but after crating, shipping, installing on site, etc. it may not. In either case I'm sure Capstone technicians would be on site immediately should the unit not perform properly in the field. I wonder how many customers actually refuse delivery until they see a unit running on the shipping dock? This is not like buying a car in either case.
I'm sure each Capstone Turbine is delivered and has a spec sheet with run trials and performance data included.
No qualms about the non-payment delaying delivery. My thought on the run trial was that if the customer indicated in their purchase order that they wanted to witness a performance trial at the plant, management should have done everything possible to make it happen in a timely manner so the sells numbers would reflect in Q1.
Lloyd--go to proxyvote.com and enter your control number. Your shares will be voted as you indicate. The control number verifies that you were a shareholder as of a certain date and also votes the number of shares you hold.
I feel your pain, just not cut as deeply. It seems that everyone is starting to tire of these missed numbers, even with a "record backlog" on the books. Over on the IV board one poster noted that DJ spent more time on slide 12 reviewing the up-coming trade shows that Capstone is registered to attend.
My hope still remains that this technology can continue to expand although it is starting to sound like a failed Solyndra without the Fed stimulus bucks behind them.
We all had high hopes for this quarter and the anemic CC dashed them like inhaling sour gas. If the BOD has the audacity to further dilute the shares in light of recent performance we are totally screwed. Having product on the dock awaiting a customer's inspection, just as the quarter was ending, sure appears to fall under the heading of poor management. Why would a customer even request such a demo in the first place unless they had reservations about it?
Won't be a happy weekend and the next 6 weeks are sure to be "lumpy."
Thanks for the additional background on Ardour "downgrade." A buck 50 still sounds good from where I stand, and hopefully we'll make it to that point in the foreseeable future.
DOWNGRADE: Capstone Turbine (CPST) downgraded by Ardour Capital from Buy to Accumulate. 08/10 10:44 AM
I've done my Accumulating and no dry powder nor will to Buy anymore, so I guess I beat Ardour Capital to the punch. All of the financial pundits have been saying for the last several months that CPST was a buy. Actually I'm surprised that we didn't take a bigger hit today; a respectable number of shares have been trading fairly flat for the last two hours.
Llyod--I did vote my shares electronically.
Good post Bill but it makes me want to puke. Not much happy talk from either Capstone nor the Analyst. As long as we have Carrier UTC Power Systems sitting like a vulture on a tombstone they are taking a nice chunk of our revenue. On a not so distant 10Q the following statement was made "Royalty expense increased $0.4 million during the three months ended December 31, 2011 compared to the three months ended December 31, 2010. The increase in our royalty expense is the result of sales growth of our C200 and C1000 Series systems. We pay Carrier Corporation an ongoing royalty of a predetermined fixed rate for each microturbine system covered by the Development and License Agreement.
One Analyst asked about the ongoing warranty issue and the answer was less than clear. On the same 10Q filed on 9 Feb 2012 the issue of warranties was stated thusly: "Warranty expense is a combination of a standard warranty provision recorded at the time revenue is recognized and changes, if any, in estimates for reliability repair programs. Reliability repair programs are estimates that are recorded in the period that new information becomes available, including design changes, cost of repair and product enhancements, which can include both in-warranty and out-of-warranty systems. The increase in warranty expense of $0.4 million reflects an increase in the standard warranty provision, an increase in warranty claims related primarily to early production C200 and C1000 Series systems and more units under warranty during the three months ended December 31, 2011 compared to the prior year period."
Warranties are definitely something that have to be addressed especially on a product being touted as having a 99% uptime. No "color" was given on this cash eating machine. We should hope that any new units going out the door are fully upgraded.
All and all, in my opinon, this was one of the lowest beat CCs I've listened to in several years. The only repretition from one of the analyst was the usual "is this due to lumpiness" in some area. I'll read the transcript later lest I offer an opinion rather than fact.
We all surely hope that the California market will continue to grow as well as those in S. America and Russia. DJs comment about the use of Capstone domestically are mainly in the liquids area isn't surprising as the rig industry has moved from natural gas to liquids due to glut of NG on the market. Hopefully his sense that the downturn in rig count won't ding us so much.
I suppose the tale will be told tomorrow although knocking on a buck AHs didn't leave me with a warm and fuzzy feeling.
Capstone's net loss was $7.8 million, or $0.03 loss per share, for the first quarter of Fiscal 2013, compared to $8.3 million, or $0.03 loss per share, for the fourth quarter of Fiscal 2012. 1 cent less than analysis consensus so... here we are again no matter the rest of the numbers. Speaking of which...
04:33 PM EDT, 08/09/2012 (MidnightTrader) -- Capstone Turbine (CPST:$1.09,00$0.00,000.00%) announced Q1 2013 revenue of $28.8 million, up 19% year-over-year, but below the Capital IQ consensus figure of $30.91 million
Capstone's loss was $7.8 million, or $0.03 per share for the period, $0.01 cent worse than the consensus expectation, compared $2.9 million, or $0.01 loss per share, for the first quarter of FY 2012.
CPST shares are down 6.4% to $1.02 in late trade.
Price: 1.02, Change: _0.07, Percent Change: -6.42
http://www.midnighttrader.com
Capstone AH low $1.02 so far. Low volume last small shares at $1.06. Now time to read, digest and listen.
6000 shares at 1.02 @ 1630 EST
Capstone Turbine 1st Quarter Gross Margin 8% 08/09 04:17 PM
Capstone Turbine Announces First Quarter Fiscal Year 2013 Operating Results Same as Capt'n on next post
Fracking Debate Racks South Africa
A version of this article appeared August 6, 2012, on page B1 in the U.S. edition of The Wall Street Journal
By DEVON MAYLIE
JOHANNESBURG—Africa's biggest economy is running dangerously short of energy, even as the country sits atop what geologists say could be substantial gas reserves.
South Africa's shale-gas reserves are estimated to be among the world's largest, but the region is home to rhinos and a telescope project.
More
The Source: Timing Is Everything on Fracking Call
South Africa, like the U.S. and other countries, is caught in a debate over hydraulic fracturing, the process of shooting millions of gallons of water, sand and chemicals into underground rock to release hard-to-access deposits. Multinational energy companies want to use fracking to release shale-gas reserves in this country's Karoo region. But environmentalists are fighting fracking in the Karoo, a pristine, arid expanse that is home to the threatened black rhinoceros and the planned location of a $1.87 billion telescope.
Some energy and environmental-affairs officials have said they weren't opposed to fracking but in April 2011 a moratorium was imposed on exploration in the Karoo after an uproar from environmentalists. The hiatus would give the government time to formulate a plan for production in the Karoo. The Department of Mineral Resources is due to present a report this month to the president's cabinet, which will determine the fate of fracking.
"It's what we call 'the F word' in our industry," says Philip O'Quigley, chief executive at Falcon Oil & Gas Ltd., which has applied for a right to explore for gas in the Karoo. "It's an emotive industry."
A consultant's report last year for the U.S. Energy Information Administration estimated South Africa's recoverable shale-gas resources at 486 trillion cubic feet, which would make them the fifth-largest in the world. A report on behalf of Royal Dutch Shell RDSB -0.06% by a South Africa research firm this year estimated the reserves at 450 trillion cubic feet.
Shell says exploration in the Karoo by other oil companies, mostly in the 1960s, identified "gas-bearing geological formations" but weren't deemed commercially attractive because they were found deep below the earth's surface. Today, new technology such as fracking could change that calculus, the Anglo-Dutch company says.
"Many in the industry do believe in the enormous potential of the Karoo," says Falcon's Mr. O'Quigley.
Jan Willem Eggink, Shell's South Africa general manager for exploration, says the company needs to explore to determine how it could extract gas from the region. But that can't happen as long as the moratorium bars drilling exploration wells.
Falcon last year sought a license to explore for gas in a 7.4-million-acre area, about a third the size of Ireland, but has been hobbled by the moratorium. Shell and Bundu Oil & Gas (Pty.) Ltd., a South African company that teamed up with Australia's Challenger Energy Ltd., CEL.AU +5.71% also have applied for exploration licenses.
Tapping its gas reserves is essential to South Africa. The continent's primary industrial engine imports 60% of its gas and oil needs. Nearly all of the country's electricity production comes from state-owned utility Eskom Holdings Ltd., which has struggled to keep pace with demand. Energy shortages in 2008 led to rolling blackouts, disrupting manufacturing and the country's crucial mining industry. Eskom says it risks running out of electricity while it builds two coal power stations. Even after those are built, the country will need more energy capacity by 2019 or face rolling blackouts again.
Even if the moratorium is lifted, South Africa still must entice anxious investors.
South Africa's Sasol Ltd., SSL +0.58% in partnership with U.S.-based Chesapeake Energy Corp. CHK -1.06% and Norway's Statoil STO +0.45% ASA, carried out initial studies that Sasol says weren't encouraging. Sasol, the world's largest producer of motor fuel from coal, says it wants to keep exploring.
Shell says there might not be as much gas as geologists have predicted. The company estimates that it would spend $200 million to drill six wells for the first stage of exploration and that moving the Karoo to production would take about 10 years. "The longer we wait, the longer it takes to get the benefits," Mr. Eggink says.
And the more environmental opposition could emerge.
Treasure the Karoo is campaigning to get fracking blocked. The environmental group says it will lodge an appeal with the Department of Mineral Resources if fracking is permitted or if exploration licenses are awarded.
Another complication arose in May, when South Africa won rights to host a radio telescope in the same area where Shell wants to frack. The project requires that industrial activity be located miles away for the telescope to work.
Meanwhile, neighbors are sprinting ahead with gas exploration. Texas-based Anadarko Petroleum Corp. APC -0.28% in 2010 made a discovery that could put Mozambique, one of Africa's poorest countries, in the big leagues of natural-gas producers. Estimates of the offshore discovery's size would rank the country as the having the world's 11th-largest natural-gas reserves.
A version of this article appeared August 6, 2012, on page B1 in the U.S. edition of The Wall Street Journal, with the headline: Fracking Debate Racks South Africa.
Opportunities in India?
The outages may spur more manufacturers to set up their own generation units, according to the Indian Captive Power Producers Association.
The pace of growth in generation has failed to keep up with demand because of a shortage in coal and natural gas supply, and deficient monsoon rains.
This is precisely the infrastructure issue I commented on earlier concerning distributed energy in India.
Its been a pretty lean period for Press Releases . You need to look closer. If you'll look closer you will notice that I qualified that statement with "since..."
Those announcements of shares are not "pending" dilution until they are offered for sale publicly or privately.
Well, as long as they sit on the shelf they are available or "pending" in my view; sort of like my check book except I have the funds to back up my checks. Continued dilution, in my opinion, has to stop. Question--if there is no reason, nor expectation to issue more shares why file to do so?
Why would you hammer the officers for bringing the company to the very point of profits you say you want? Oh, I did think of that believe it or not, but my hammer was directed more at hearing the same story being trotted out during each CC, i.e. "We do not expect further dilution..." etc. DJ, in my opinion, is being very well compensated for what he does. Also, if things are so honky dory why not wait to change stock incentive plans? Will these very same folks work less diligently if not for the carrots dangled in front of them? Of course stock incentive plans work, and have made many a millionaire of the beneficiaries. If issuing new, or shelf offerings of shares, to fulfill those obligations, don't we as shareholders carry the heavier burden?
I am both long and short, my core being the greater of the two and I have plenty of patience. That being the case it doesn't, nor shouldn't deprive me of making my own observations. Yes, I have made money trading this security as well as MANY MANY others. I've lost plenty of money also, anyone pretending otherwise is doing just that--pretending. On the whole I'm in positive territory otherwise I wouldn't be here.
If your trading style is as a long investor, then that style requires patience, and in the end, you take what comes derived from your own initial DD before you bought in. No one else is to blame. I am in control of what I buy and sell and blame no one else for my trading gains or losses. As you may have noted I do considerable DD and post accordingly, so that we may all learn and gain knowledge into this technology and exactly where it fits in the global picture. Debate is quite healthy if done in the spirit of civil dialog. I do not engage in flaming, bashing, or pumping and hold that views contrary to yours aren't necessarily wrong, although I do find it interesting that you didn't take issue with the posting that I responded to. I do tend to take a global look at things and am happy to share those views and findings with other members of this board. I'll be around for awhile and like I said something to the effect "I'll be one of the first to sing praises if we achieve profitability" that is of course unless you beat me to it.
You may have noted also that I don't pick your charts apart, nor your related comments as to the technical aspects of them. They provide me and others with another tool to use while trading this stock and I thank you for posting them. I'm not adverse to you commenting or debating my postings in either case. I learn as I go and each day brings new learning opportunities.
UPDATE 1-U.S. natural gas drilling rig count hits 13-year low
Natural Gas Production Could Be Curtailed By Drought
Natural gas rides heat wave, but not for long
Working Gas in Underground Storage, Lower 48
Bright Future for Liquefied Natural Gas (LNG)
Digesting some of the above fun facts and figures will give you a general idea about why Capstone needs to continue research and concentrate anew in CHP applications. Continued thirst for natural gas should continue to bode well for Capstone, but at the same time one should realize that Capstone needs further penetration into CHP applications and transportation energy solutions such as Wrightspeed's Route. We cannot, nor should we, depend on a never ending demand for "off the grid" power solutions related to gas and oil drilling although it is my opinion that horizontal drilling and fracking is and will continue to be a growth industry worldwide.
There continues to be serious issues related to centralized electricity grids, e.g. India's recent blackouts, and one would think there is a huge potential for Capstone's distributed energy solutions. In this area I would think that fuel supply infrastructure to operate micro-turbines will be the main hurtle to overcome.
Fuel Cells continue to gain penetration in many areas once thought perfect for micro-turbines--regardless of negative publicity relating to stack failure, production costs, hydrogen costs, etc., and cannot be ignored. "The dichotomy between the portable and stationary sectors illustrates the fact that the fuel cell industry remains a complex and multifaceted market, with adoption patterns." Nevertheless, even with questionable claims about the viability of fuel cell technology fuel cells are beginning to graze in Capstone's projected markets.
"Time keeps on slippin' slippin' slippin' into the future."
Its been a pretty lean period for Press Releases since the last ones on 07/09 and 07/11. Due to glut of natural gas on the domestic front many existing wells are being capped and the drilling of new ones has slowed considerably. At the current time there is no place to store any recovered gas nor export terminals to sell it overseas.
The upward movement in the price of Henry Hub Natural gas, since the low on April 19, is the result of the unusual hot weather pattern and the use of more electricity for air conditioning. Of interest also is that the severe drought is having a negative effect on fracking due the cost of water. All of these variables could be part of the reason we haven't heard of more "big" domestic orders since July 9.
The continued sideways movement of CPST shares is no doubt influenced by the factors mentioned above plus another pending round of dilution. I realize, of course, that a large portion of earnings comes from markets outside the US, which hopefully will mitigate the slowdown here. Nevertheless, if management continues with this pattern of continued dilution the stock will soon be worthless IMHO.
I'm very certain that my shares, and they are considerable, will be voted just about the same as Gene suggested in post 13226. I agree wholeheartedly with his sentiments, i.e. "It's time management shares with us the burden of a $1.00 stock price..Vote..NO..PROPOSAL 2..3..and 4
The Spigot Has Run Dry" and those of leslunier
All of that being said nothing would make me happier than some blowout numbers during the upcoming CC. DJ can stop all of the "share some color, getting kicked under the table, looking over the tips of my skis" nonsense and show us some decent numbers. I still stand by my comment from way back where I suggested the management start taking a hit in pay for each quarter that they don't show a profit. They aren't the least bit bashful at offering up new management incentives for reaching certain milestones, why not put in a few proposals for taking a hit when they don't? I'll vote yea for those.
The road to profit still seems a bit longer and as we go quarter to quarter listening to the same old story about waiting until next quarter, royalty payments, warrants, and such. "Capstone is a great buy at a dollar" comments from the Seeking Alpha, Motley Crew, Cramer, Stockmaster, Zacks, VFC's Stock House, et al, don't seem to be working too well lately. Perhaps the time has come to stop projecting what could be and start producing real numbers which equate to profits.
I'll be one of the first on the board to SHOUT "its about time, rock and roll, and a long time coming" when Capstone turns a profit.
Gene -- I'm with you 100% on further dilution. If the current board believes that further dilution will be necessary, and apparently they do, how and when do they expect the security holders to make a dime? This same mantra continues to be trotted out quarter after quarter, and we've hung with them. Your illustrations of shares outstanding vs revenue and stock price are a perfect example of why Capstone can't and shouldn't continue to go to the well ad infinitum.
Capstone management must show that they can make a profit without continuous infusions of capital via issuance of new shares. Each time they do this the bar is raised for the equity owners. Sure, stock options, and warrants are a valid way to retain top notch talent but until that talent demonstrates that they can generate revenue that results in a profit why should they be continually rewarded at our expense?
Continued dilution is akin to kicking the can down the road and at some point the road will end and the dilution will make the company worthless. JMHO
After hours $1.10? Me thinks I'll scratch me ed again mate for such an Olympian feat.
Last night after market trade of 1500 shares @ $1.04 had me scratching my head. This morning in 1st 10 or 12 minutes we were tapping on a buck four. Now we are there again. I'll scratch my head again to see if that trick will still work (of course general market was up also.) Nevertheless it does make one wonder as the follow through this morning of 64K at 1.04 in first minute after opening would perhaps lead one to believe in whisper numbers.
What ever the reason for the spike up I do like green candles.
Pretty good compilation of "The Future We Want" from futurewewant.org and Capstone's Blog Universal access to modern energy services. No translation required although I still believe Capstone's "Captain Microturbine" is a lame marketing concept.
Although recycled news from June 20 I guess any news is good news these days and the broader distribution will help to educate other parts of the world to Capstone's solutions. At least the author spent some time compiling the "sustainable energy for all" from different sources.
capstoneturbine.com/[tag]Colombian Building Goes Off Grid
July 24 2012[/tag]
Colombian Chamber of Infrastructure (CCI) office building first in South America to deploy trigeneration. To control energy costs and reduce environmental impact, CCI in Bogotá installed two Capstone C800 Power Packages in a combined cooling, heating, and power (CCHP) application in 2010. The microturbines allow the 10-story building, which houses some of Colombia’s most important infrastructure-related companies, to completely disconnect from the high-cost and unreliable grid. Since installation of the two Capstone microturbines, CCI has not experienced any power outages.
Completely supporting CCI’s energy demand, the Power Packages generate kilowatts of clean-and-green reliable power from the building’s rooftop, while low-emission exhaust heat is converted and pumped through the building’s air conditioning system.
An earnings report like the Q2 from SNDK is what will finally dig CPST out of the channel. Granted the SNDK numbers are a bit out-sized (large cap) as compared to CPST, but today's action is a good example of what "exceeding the analyst expectations on all counts" can do.
12:37 PM EDT, 07/20/2012 (MidnightTrader) -- SanDisk Corp. (SNDK:$38.70,00$3.62,0010.32%) earlier hit a day's high of $40.45, currently up 13.4% at $39.91 following yesterday's Q2 results. The company beat analyst expectations on all counts. SNDK brought in $0.21 per share in earnings, over estimates of $0.19. It also topped revenue predictions, with sales of $1.03 billion over $1.02 billion
Still hanging tight on my long CPST and will take a penny or two upward move anytime--sideways is also okay with me as long as we continue to see orders; speaking of which...it would be nice to see another large order floated out next week to start shaking those shorts out.
Been in and out of SNDK but holding long since the low $30ish range.
The patient will be rewarded or the patient will be toast. Just hope the former.
I'll toast to that. I was really surprised by today's move and sell-off. Tomorrow would a good day to announce a big order for sure.
GE is not going to buy Capstone just so shareholders can pay down their margin and take a field trip to DES MOINES ..
Believe me, I'm so far down on this security that a field trip to drought plagued Iowa even sounds like fun.
Lloyd -- good question. Why the big sell-off today? Dang, 5 million plus shares? Hopefully when the Capt'n gets some time he will post an EOD synopsis and some humble opinions on what it all means.
I posted that link on the 13th saying that I will hold and would rather ride this small cap up rather than seeing it bought up by large cap. Not a bad reminder though although I suspect the Motley Fools Effect has already done its thing.
It would be nice to see another nice order come through to perhaps give us a bump to get over the hump.
Very informative EOD report as always. Thanks
From Bloomberg
Jump-Start Electric Car Market Via Buyers, not Automakers
An additional $50 million is going to the Vehicle Production Group to make a natural-gas-powered, wheelchair-accessible van. Energy officials say the administration continues to review additional projects.
Heck, get some free money from the Gov'mt and buy back half of those 100 million shares with it.