"From a short-term investment point of view, we kind of stumbled," said Rumy >does not compute with:"If you look at the company fundamentals, nothing has changed."
Rumy said that Zoltek is making a big bet on the future and that the company will remain solidly profitable regardless.(Really? You wouldn't know it was from looking at cash flow from operations)
"Even if the strategy doesn't turn out as successfully as we'd like," Rumy said, "the worst thing that could happen is that we have a relatively slow, steady growth."(Gee, I thought ZOLT was a growth stock)
Rumy, a short,stocky man with a soft voice [And a massive ego]. "If you choose not to believe it, you either don't buy the stock or sell it short."[Very kind of you to point out the obvious, Zsolt. I think I'll choose the latter] And oh, Zsolt, why don't you clear up that Hungarian employment payments violation?
Rumy won't say how much carbon fiber Zoltek has sold from its newest
production lines, three outside Abilene, Texas, and two near Budapest, Hungary.[Why not? Enquiring minds want to know. In fact shareholders demand to know].
Zoltek has been trying to make its own precursor - acrylic fiber that is the raw material for carbon fiber - at its Hungarian plant.
The test is CRUCIAL [emphasis added] for Zoltek's success because it has to buy all its precursor from Britain's Courtalds PLC. But Courtalds charges about $1.60 a pound for acrylic fiber.[They're so mean. Why would they do that to poor Zsolt?] That's twice the price of textile acrylic fiber - the same kind in acrylic sweaters - that Zoltek is HOPING[emphasis added] to tweak into a viable precursor.[Zsolt is famous for buying things on the cheap. However, he has no experience in bringing up unfounded production methods.] |
