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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE)
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To: Stephen O who wrote (4737)2/17/2000 12:01:00 PM
From: Vitalsigns  Read Replies (3) of 6016
 
I am glad to see GLE doing well today , but in the big scheme of things they appear to be falling behind . Last week I posted that GLE was trading at 10% of the value of its peers Ballard and plug. Well today the situation is getting worse, take a look:

-GLE today high 29.75 CND or $20.20 US equivalent
Market Cap $773 mil CND or $526 Mil US

-PLUG Today High $128 US or $188.15 CND equivalent
Market Cap $5.332B US or $7.838B CND

-BLD today high $132.90 or $91 7/8 US
Market Cap $11.429B CND or 7.775B US

So today , 1 week later, GLE is now trading at %6.7 of the value of Ballard down from 10% and Gle is trading at 9.8% of the value of PLUG.

Just to show you how undervalued Gle is to its peers, I calculate what i believe is a fair valuation for GLE based on what we know to be true as of this date. Gle should ,IMO , be able to attract a valuation of no less than 50% of the difference between PLUG and BLD.

SO if Plug is at $7.838B CND and BLD is at $11.429B CND
than Gle should trade at a market Cap of $9.665B cnd or
$371 /share CND. I know that this will not happen overnight but I Did this to help you guys understand that there is a lot of upside to this stock. It gives you a sense of security knowing where Gle should trade and helps in not selling into the specialists hand whenever the stock starts to pull back a bit. I know I have no intentions of selling my shares at a 90% discount to my own calculations.

Hope this helps

Vitalsigns
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