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Nathan Brooks  

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  • Update: Ballard Power Misses Badly
    Oct. 30, 2014 BLDP 12 Comments

    Summary

    • Stock has fallen from $4 to $3 since my previous article. Could fall below $1 in time.
    • Earnings report was bad with nearly 10% revenue miss and revenue growth cut from 30% to just 20%.
    • EBITDA profitability for 2014 cut from breakeven to $3m loss.
  • Ballard Power's Long March Toward Profitability
    Aug. 18, 2014 BLDP 15 Comments

    Summary

    • Ballard Power's revenue momentum starting to falter as evidenced by its weak order book growth.
    • Only minority of Ballard's revenue comes from the sale of products where there is a clear value proposition to the end user.
    • The company is in a low volume, low gross margin business, making it hard to achieve decent levels of profit.
    • Ballard's valuation compares badly to fellow Canadian fuel cell company Hydrogenics.
  • Update: Plug Power Earnings - Thesis Rejected
    Aug. 14, 2014 PLUG 34 Comments

    Summary

    • Plug Power recently issued stock options to management, something I didn't think would happen so soon.
    • Part of my short thesis has been proved wrong.
    • The market has liked Plug Power's earnings today, though I still remain unimpressed.
  • 40 Million More Reasons To Short AMD
    Aug. 12, 2014 AMD 146 Comments

    Summary

    • AMD short interest has increased by biggest amount in last 12 months.
    • Low short ratio implies that this isn't a crowded trade.
    • $2.50 price target remains on track.
  • How Low Can Plug Power Go?
    Jun. 18, 2014 PLUG 98 Comments

    Summary

    • Plug's fair value is no more than 75c.
    • For the next several months, management’s interests are aligned with the shorts.
    • Diminished risk of a new hype cycle starting up again during that timeframe.
  • There's Plenty Of Downside Left For Ocado
       • Jun. 10, 2014 OCDGF 3 Comments

    Summary

    • Intensifying competition in the supermarket sector will hurt Ocado's margins.
    • Valuation much higher than sector averages and high even compared to Amazon when analyzed properly.
    • Ocado will need fresh capital soon, which may provide an additional catalyst for further downside.
  • Bloodied Blinkx Now Has Huge Upside
       • May. 13, 2014 BLNKF 7 Comments

    Summary

    • Blinkx shares have fallen sharply since allegations of click fraud and a poorly received earnings report.
    • Accusations lack merit, and many claims have been withdrawn or amended.
    • Stock now trades on an EV/FCF of 12 and has over 150% upside.
  • Soaring BlackBerry Is Flying Too Close To The Sun
    Jan. 30, 2014 BBRY 69 Comments
  • Intel: Please Give Up On Mobile
    Jan. 20, 2014 INTC 84 Comments
  • AMD Is Set To Plummet
    Jan. 17, 2014 AMD 255 Comments
  • Facebook Makes Amazon Look Cheap
    Jan. 16, 2014 FB 46 Comments
  • BlackBerry Set To Plummet
    Jan. 15, 2014 BBRY 269 Comments
  • Intel's Mobile Torment
    Jan. 14, 2014 INTC 40 Comments
  • Intel's Bold Tablet Gambit
    Jan. 13, 2014 INTC 54 Comments
  • Sirius XM: Paying A King's Ransom For The Widest Of Moats
    Jan. 2, 2014 SIRI 42 Comments
  • The 4 Worst Stocks For 2014
    Dec. 31, 2013 HLF, FB, TSLA 40 Comments
  • Apps Won't Save Apple
    Dec. 28, 2013 AAPL 136 Comments
  • Sell Facebook Now, Its Growth Will Soon Be Over
    Dec. 26, 2013 FB 114 Comments
  • Will AMD Repeat Tesla's Mammoth Short Squeeze?
    Dec. 24, 2013 AMD 65 Comments
  • Apple Is Living On Borrowed Time
    Dec. 22, 2013 AAPL 200 Comments
  • Intel's Worst Nightmare
    Dec. 21, 2013 INTC 71 Comments
  • Massive Overvaluation, Unrealistically High Expectations, And Capitulation By Shorts, Now Make Ocado An Excellent Short Candidate
       • Dec. 18, 2013 OCDGF 10 Comments
  • Chevrolet Volt's Failure Foreshadows Tesla's Fate
    Dec. 9, 2013 TSLA, GM 234 Comments
  • Intel Concedes Defeat
    Dec. 8, 2013 INTC 136 Comments
  • BlackBerry's Death Has Been Greatly Exaggerated
    Dec. 6, 2013 BBRY 114 Comments
  • There Won't Be An Apple TV
    Dec. 5, 2013 AAPL 82 Comments
  • Advanced Micro Devices Shorts Need To Form An Orderly Queue
    Dec. 4, 2013 AMD 57 Comments
  • Microsoft Once Again Apple's Biggest Threat
    Nov. 25, 2013 MSFT, AAPL 70 Comments
  • You Should Take Profits In Amazon
    Nov. 22, 2013 AMZN 22 Comments
  • Will AMD Thrive Or Just Survive?
    Nov. 20, 2013 AMD 114 Comments
  • Should You Buy Microsoft?
    Nov. 19, 2013 MSFT 3 Comments
  • Keep Selling Tesla: Momentum Is Fading
    Nov. 7, 2013 TSLA 40 Comments