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Pastimes : Trade Blogg Ideas Inter Alia

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To: Rutgers who wrote (264)3/8/2007 7:58:02 PM
From: Rutgers  Read Replies (1) of 285
 
DESC may need a new symbol. Not sure if this one is taken, but they could try, D E A D. ;)

Jeesh, as posted on the blog, good thing I sold off more than 90% of this after the new year.

They posted horrific results last night.

Distributed Energy Reports 4th Quarter Revenues of $13.8 Million, With Net Loss of 84 Cents Per Share
biz.yahoo.com

I haven't listened to the last three conf calls and I do not intend to listen to a recording of this one. Maybe I should have and sold earlier. In hindsight, it sure looks like the CEO was sold one helluva bag of goods right before he came on board.

Maybe MS will help turn this around. Morgan Stanley & Distributed Energy Form Joint Venture to Finance Renewable Power Generation Projects - http://biz.yahoo.com/prnews/070307/nyw157.html?.v=76

OTOH, and I am not going to spend time doing DD because the position is too small now to justify the time, but I don't like the smell of the warrants. Having said all that, gotta believe that IP is worth well more than the current FMV.
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