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Technology Stocks : Ballard Power -world leader zero-emission PEM fuel cells
BLDP 2.850-1.2%Nov 19 3:59 PM EST
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To: Sleeperz who wrote (3529)12/25/1998 11:35:00 AM
From: William Peavey  Read Replies (2) of 5827
 
If we can get our minds off "what is the stock going to do for me in the next quarter" and instead think long term: twenty years or so, we can agree on a few things.

One is that petroleum as a fuel source is finite, and we will gradually deplete this resource. As this becomes apparent to those blinded by "the lowest price-at-the-pump-in-one-hundred-years", or whatever the oiled shorts are touting today, the price will rise as the supply diminishes.

Second is that the hybrid car is a temporary solution. It will truly be 100% non-polluting when there is no gasoline.

Third, petroleum provides western society far more useful products than mere heat and transportation. The need for the plastics, paints, drugs etc that are created from petroleum might cause governments to insist on alternate power sources to prevent oil from all going up in smoke.

Will this mega trend enable Ballard's technology and that of Dr Harvey's favorite to prosper? Well certainly not quickly enough to ward off the Millennium Bomb as Mr Sosiak had postulated. I see Ballard as an internet-type story stock. The technological hurdles are not all solved yet, but they will be. The earnings are not here yet, but they will be.

If someone at Barron's wants earnings now, let them buy GE.

Bill Peavey
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