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 2.160

-0.9%

Feb 10 3:59 PM EST

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To: Sid Turtlman who wrote (602)	4/15/1997 9:31:00 AM
From: Mike Klobouk	of 5827

Sid, I think that your financial analysis of this deal is right on the mark. Because Ballard shares lost 75% of potential future earnings,they should now really be trading at about C$9 plus some premium for the increased likelyhood of the success of their commercialization efforts. I would be willing to buy more Ballard at C$15 now. I wonder if the rest of the market will clue in. There may be a short term opportunity to ride the price up, but (and I hate to bring it up) this reminds me of the irrationality of the price of Bre-X shares staying high while it's share of the supposed ore deposit was cut deeply. The other shoe, IFC's imminent entry into the automotive fuel cell market, is yet to drop.

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