Catalytica Energy Systems, Inc. (CESI) 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.

Biotech / Medical : Catalytica Energy Systems, Inc. (CESI)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: WTMHouston who wrote (1414)	10/27/1999 1:00:00 AM
From: Erik T	Read Replies (1) of 1514

If they carry business interruption insurance, as they claim, why will it not accrue this year? This will take time to recover. The insurance company will fight for every penny, and I would not expect any resolution for 6-9 months. The real question in my mind, can they recapture that lost revenue in the fourth quarter? At Greenville, while capacity is largely spoken-for over the next couple years, at this moment in time, there is excess capacity at the plant. Can this be utilized make-up the shortfall in product last September? Further, they may be able to utilize resources at their other two facilities to make-up for the shortfall. The pharm companies will certainly still need this product. If they can recapture the lost revenue, which would produce a very nice fourth quarter, they would then have trouble justifying an insurance claim for lost revenue due to business interruption. Hopefully some light will be shed on this during the CC tomorrow. More than this, though, I would like to hear a Xonon announcement. Erik

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next