Ballard Power -world leader zero-emission PEM fuel cells Message Board

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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells

BLDP 2.690

+0.4%

3:59 PM EST

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To: Panita who wrote (2894)	7/19/1998 6:40:00 PM
From: William Marsh	Read Replies (2) of 5827

The problem with BLD is not that the technology is no good, or the management is poor. The technology is great and the management consistently meets its targets. The problem is, it is over priced, which is the result not of companies, but of the poor judgement of hordes of investors. When BLD started to climb from the high 20s (before the split), BLD management said it knew of no reason to account for the appreciation in price. They continued to say so throughout its explosive climb. If it crashes back down to around $10, where it belongs, they are not on the hook. The point is, BLD can continue to successfully implement its business plan and meet its targets for the next 5 to 7 years and still not justify its current price. Any stock, no matter how good the company, can be over priced. When BLD gets below $10, I may get back in.

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