Ram,
I don't disagree with your views re. yields, and the fact that the term must be defined in order to be useful. I was referring to an apples to apples comparison based on whatever part of the process Lev was talking about when he quoted the 69% figure. In other words, I'm wondering if that particular process has improved. You may recall that he once, quite a while ago, mentioned that the japanese were getting about 50% yield on their liquid Li-ion batteries, and that "we've never had yields that low." I assume he was comparing yields in the same way for both.
Lev also said he measures yield in terms of material going in vs. acceptable product coming out, which is a different approach than most of us are used to. We typically look at the number of widgets coming out, and what % of those don't end up on the scrap heap. Either way, the object is to keep the throw-aways to a minimum.
As for the stock price, I know it will eventually reflect the (hopefully successful) execution of Lev's business plan, but in the meantime I'd like to see it go up some simply because I want to pay down some margin debt without giving up too many shares. If, however, the market recovers sooner, I'd rather do that by liquidating shares of some other issues I have.
- T - |
