Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Capstone Turbine Corporation (CPST) -- Ignore unavailable to you. Want to Upgrade?

To: Dan Hamilton who wrote (227)	8/22/2001 11:00:26 AM
From: Bob Rudd	Respond to of 455

From 8/22 Merrill report, I got 2.70/share in cash [230mm] with a 12-15mm current burn rate. Report said CPST biz value was 'couple bucks a share' which I read as $2/share after cash and tax-loss carryforwards @ 7.25. I added today at 5.25, which based on that values biz @ $.00. The transition between the silly view that every burger joint and 7-11 in Ca is going to buy a microturbine and the reality of distributed power that will come to pass over 3-5 yeas with a bunch of niche applications [like waste gas generating] is proving to be a bumpy road. I never bought the 'microturbine in every pot' view or the nutty valuations that came from it, but the longer view looks not unreasonable.