A lot of investors bought this stock as a “lotto play”. They saw a small sub-penny pink sheet company proposing one of the largest biomass facilities in the country and saw unlimited gains. The company itself had little information, just unknowns and potential. Some here were even trying to base the pps off of the PPA's total 1.5B dollar figure. A little short sighted to say the least.
As the process has unfolded, and the company took the project forward, the company was vetted. As the company has legitimized itself, some of the unknowns have become known. We began to see that the Berlin stake was heavily shared, and now partially sold. We now understand the business model better, seeing the types of projects they are targeting to run and generate revenues. We have been told of the lack of debt, and the cash and assets on hand.
This company has become much more of an investment, than a trade. As they proceed into more transparency, investors can better place a value on this company based on assets, earnings, revenue, debt, etc. instead of wild estimation based on hopes, the pps can be properly reflective of this company.
I think a lot of traders were hoping for a spike in pps based on a blind rush due to Berlin, to make a ton of money, then get out. That would have been great for some, bad for others, and probably a negative for Laidlaw in the long term.
I look forward to more transparency, understanding what the assets are, where the revenue is generated and how, the insider holdings, etc. so the market can value this company properly.
If the items set by management start to unfold in the timeframe they issued, I believe this stock will make a lot of long term investors very happy.
Some of the things the company has issued timelines on:
This week – Update company website – to include 2010 internal financial statements
By the end of March – close on Renegy CA plant
By the end of March – submit registry statement with the SEC
Very soon (whatever that means) - According to Lou Bravakis, announce another major acquisition
Pending – Berlin PPA decision
It is going to be a very interesting and busy year for Laidlaw.
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