Plug Power Inc (PLUG)

[audioguy]

Case for being LONG -

I have been holding this stock for years, way before the first R/S. I have slowly built back my position and have a loaded price of around $.26. So I'm doing really well and sold off my initial investment and now its all profit!

The plan was and still is, to hold this security for a while with my thinking the same today as it was years ago.
I added it years ago to expand my alternative energy stocks grouping which included some wind, hydrothermal, bio-fuel, etc. All the other stocks were pennies and went they way of pennyland leaving me a bag holder. Tried to catch a falling knife, and you know how that goes!
PLUG seemed to be the only one with a focus and solid plan to what they planned to do with the fuel cells they were getting from Ballard. Not something anyone else claimed at the time.
PLUG basically sat dormant for years. I was concerned, but left them in my portfolio thinking that some day it will catch on.
Now seems to be that time.

Yes PLUG has huge debt and has for years, and has been bleeding cash on a regular bases, but in the past few months has shown some real light at end of a mulit-year long tunnel.
Is it BS, only time will tell. The CEO is certainly pumped up about the future business they plan to get, and if WalMart is ANY indicator (which many say is not) of future business, we should be good for some time.
PLUG has to realize that innovation is a short term investment and by announcing a possible auto partner, they have moved their technology forward a little.
Once the announcement is made, along with other monthly updates (as the CEO stated), it could prove that waiting was the right decision all along.