Bill Wexler's Dog Pound Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Bill Wexler's Dog Pound

REFR 1.560

-2.5%

Nov 7 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bill Wexler who wrote (1395)	6/17/1999 5:05:00 PM
From: Sid Turtlman	Read Replies (1) of 10293

Bill: I don't view MKTY as a fraud with pushers, in the way that so many of the companies you feature here are. I'm willing to grant that the buyers or the stock and management itself genuinely believe that in a few years people will be clamoring to produce electricity in their basement from natural gas, rather than buying it from their electric company. I'm just giving the reasons why, IMO, it ain't gonna happen, and even if it does, the profits will be minuscule. The firm most closely associated with MKTY is First Albany, which owns about 34% of MKTY and has its two top people, on MKTY's board. Presumably many of First Albany's brokerage clients may own the stock as well. If there are any conspiracies at work to pump the stock, I don't know about them. The huge market cap accorded Ballard is probably the inspiration for MKTY buyers. What they don't realize is that, unless Plug Power can sell its fuel cells to the JV at a noticeable profit and/or Plug Power develops a profitable automotive business, they are already implicitly valuing Plug Power at a market cap 10% above BLDP.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next