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Gold/Mining/Energy : Global Thermoelectric - SOFC Fuel cells (GLE:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (1433)	4/24/1999 3:02:00 PM
From: speculatingvalue	Respond to of 6016

There were two rises: A) After they announced a break through in fuel cells they settled in the $3-$4 range. B) The Delphi deal pushed them to the current $9-$10 range. It wasn't that there was anything special about Delphi, it was that it signified that they are a player in automotive fuel cells (rather than just stand alone ones). There are lots of other automotive players if the Delphi deal fizzles. *** I originally got into GLE because they were a value play. The p/e was around 7 with high growth and low debt. (Check out the first post in this thread). The business unit is no longer what is driving the stock valuation, but it is doing well. They have an $18 million contract to develop intelligent heaters for the US and they have just recently been able to ramp up production to their target level. They should get more thermoelectric contracts as the natural gas industry recovers. I expect revenues to rise quite nicely, but the stock will never again be a "value" play. They have a history of meeting milestones, developing innovative technologies and actually bringing them to market and making a profit.