To All, Abelson took a shot at Ballard Power Systems this week. He basically talks about the fact that a real product is further in the future than Ballard wants us to know, that there are competing technologies, and that Ballard does not have a lock on its technology. In fact, he even scoffs the idea that Ballard has any technology expertise at all. The primary tech breakthrough was developed at Los Alamos and Ballard had nothing to do with it. Then he talks about valuation. It isn't a pretty picture. I have no position on this one, but, it has been a popular topic on the thread, so I thought it rated a note.
Then, the analyst who hates Disney had a chuckle at their current eps report. He basically says that the $68 million increase in eps last quarter would have been $2 million if Disney had accounted for things reasonably. Another case similar to Mickey Mouse's divorce court settlement:
"Mr. Mouse, you say that Minnie is insane. I find her completely rational."
"I didn't say she was insane, Your Honor. I said she was f___ing Goofy."
Sorry about that groaner,
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