Blindeye: Obviously, you were dozing off in your junior high school class the day the teacher explained the difference between "facts" and "opinions."
I offered my opinion about whether Methanex will have the wherewithal or inclination to invest the hundreds of millions or billions of dollars necessary to install methanol tanks and dispensing equipment in tens of thousands of service stations, eight years from now. I say no.
It doesn't have the balance sheet now to do it, and I am guessing (i.e., offering an OPINION) that it won't eight years from now either. Keep in mind that, if Methanex really anticipates that much success for fuel cell powered cars, it will also have to invest additional billions in its own production capacity as well.
These investments will have to be made well in advance of the company selling the first gallon of fuel. Unless interest rates have fallen to zero, there will be a tremendous cost for all that capital, and the interest expense could easily exceed its total cash flow.
If I were in charge of Methanex I would go to DB/Ballard and say, Hey - you guys aren't gonna sell car number one unless there is fuel available. I'll invest in my own plant capacity, but you two are gonna have to subsidize all the service stations. DB/Ballard will have no choice but to say yes.
So what is all this whining about so called "facts" you think I got wrong. How about naming one?
Zigler's facts about the company's financial ratios and stock buyback plans are not contradictory to my opinions about what may happen in the future.
If you think I am wrong, because, say, you feel that interest rates will be zero, or you feel that Methanex will figure out a way to add methanol capacity to a service station at the low, low cost of only $19.95 plus shipping and handling, then state your reasons. Maybe they will be good reasons, and suggest a more plausible and positive scenario than what I propose.
Try thinking for once, instead of whining; you may need it later in life. |
