Westport Fuel Systems Inc (WPRT)

[Jack_Bolander]

I found this important WPRT information on Yahoo too:

"I would add to my last post that Cummins Westport, as some of you know, took a $770 MM hit due to deferred taxes it was required to pay under the new tax legislation. While this will not continue into 2018, it materially affected the results of Cummins Westport in the recent Cummins report, and will therefore materially affect the Westport results for Q4. Whatever WPRT had from the Cummins Westport JV in Q3 will not be there in Q4, adding further downward pressure on consolidated results for Q4.

Indeed, the uncertainty over the extent of the tax reform impact on Cummins may be the reason for the delay in the WPRT Q4 report. Determining that effect probably took a significant amount of time, and the bill did not even pass until a mere week or two before the books closed. Those results then had to be recalculated by both Cummins and the JV. This is why we do not yet have the report, I believe. When we do get it the news will probably not be good, but the damage will be confined to Q4. Nevertheless, the anticipation of the negative effect on that upcoming quarter announcement may be what is driving investors and traders temporarily out of the stock. Expect those parties to return after the report has been issued and the price has fallen.

Again, to all of you. Market information on demand is useful. But the critical components of the stock price are debt, sales, and cash flow. We have clear information on two of those."