Ballard Power -world leader zero-emission PEM fuel cells Message Board

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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells

BLDP 2.630

-3.1%

10:19 AM EST

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To: marketbrief.com who wrote (2825)	6/25/1998 10:24:00 PM
From: Sid Turtlman	Read Replies (2) of 5827

marketbrief.com: I am the last person that anyone would call a believer in Ballard, but I don't think the resignation of the CFO, given the circumstances, has any negative significance. The only time a CFO quitting is trouble is when a company has questionable or controversial accounting, or the company needs to raise cash and the CFO was held in high respect. In this case, Ballard doesn't go even slightly out of the way to make the numbers look better than they are; they don't have to, because they know that investors don't care about current numbers. And Ballard has plenty of cash to last it a long while. The most likely explanation is that the CFO is now very wealthy because of the stock, and would like to do something else in life. I'm not saying that the stock can't go down, and maybe the chart is bad (I can't tell), but the CFO leaving is, IMO, nothing to worry about.

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