SI
SI
discoversearch

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.
Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells
BLDP 2.540-0.4%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sid Turtlman who wrote (927)9/18/1997 6:15:00 PM
From: zigler   of 5827
 
Sid, let me correct you on your points regarding Methanex.

Sid said, "I say Methanex can't and Methanex won't. It can't, because it just doesn't have anywhere enough money. Methanex is not that big and is already loaded with debt."

Methanex debt to equity ratio is 0.34 which is hardly over loaded with debt and they have $445 million US cash on hand. This cash could convert 15,000 stations based on your estimate of $30,000 each.

Sid said, "Even if Methanex had the money, it wouldn't, because it would destroy the company's earnings, which aren't that great as is."

Methanex earned $65 million US last quarter and generated cash flow of $110 miilion. All this on methanol prices of $0.58 per gallon where normal prices range from $0.50 to $0.60 per gallon. Methanex would jump if they where offered $10 per gallon as you state. Banks would be lining up to throw cash their way to covert stations. Methanex has begun an agressive share buy back program where they will purchase 10% of the public float. As of July, they have already repurchase about 5%. Methanex is the largest lowest cost producer of methanol in the world and is generating more cash than they need for operations and capital.

Sid I am disappointed that you would post such obviously wrong facts regarding Methanex when your post are generally well thoughtout. I hope that this is no reflection on your other arguments which are harder to pick apart.

A Methanex shareholder
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News