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gmajesko

gmajesko
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  • Why Investors Should Not Pull The Power On Plug Power This Year [View article]
    I believe that PLUG was priced at least 4 times its present strike price. The curve is not up but down. The only question is how long they can continue to milk the cow before the cow dies.
    May 26, 2015. 08:26 AM | 1 Like Like |Link to Comment
  • Why Investors Should Not Pull The Power On Plug Power This Year [View article]
    Why show a profit and pay taxes? The model is to keep the profits in house and spend them in SG&A. Look at the growth of revenue and SG&A simultaneously. It is obvious to anyone looking at the cash flow.

    btw- I invest in companies who are not showing a profit. For instance, some small Pharma are developing a new drug and FDA results are promising. If they get approved the stock becomes profitable. PLUG is simply repackaging old technology and paying themselves.
    May 26, 2015. 08:23 AM | Likes Like |Link to Comment
  • Why Investors Should Not Pull The Power On Plug Power This Year [View article]
    When a company never makes money it is run for the owners, not the outside investors.

    I am sure that if you found a scheme whereby you could pay yourself an outrageous salary. keep you job, and have others eat the gradual deterioration of your business you would do it.

    It is not that PLUG folks don't work, they just work for themselves and not for you Mavi. (unless you are an employee)
    May 25, 2015. 08:35 AM | 1 Like Like |Link to Comment
  • Stillwater Mining: Commentary On The First Quarter 2015 Results [View article]
    If you like the stock I would get in now. I do not see much downside going forward.

    It is hard to predict a target. Some analysts say 20. The unknown is Pt and Pd prices. Once again they are at the low end of the range and I see little downside because world population grows and consumption with it.

    Wall Street does not love SWC today. it could change suddenly in my view, but patience is still the way to go.
    May 24, 2015. 11:49 AM | Likes Like |Link to Comment
  • Why Investors Should Not Pull The Power On Plug Power This Year [View article]
    PLUG is repackaging old tech and calling it new tech because they have identified a niche market. Good job on sales.

    Gross margins very good, but repacking is simple and direct costs can be controlled. SG&A are up up and up, because the company is focused on selling repackaged technology and will find a way to get the sale. Lease buy backs mean they eat the depreciation.

    They probably pay themselves well and live well off of the perks and benefits and will continue to milk the cow until the cow dies.
    May 24, 2015. 11:43 AM | 1 Like Like |Link to Comment
  • Why Investors Should Not Pull The Power On Plug Power This Year [View article]
    Gross margins are indeed good. However the SG&A keep on rising and the net margins are NEGATIVE. I assume that they are "giving away" the units. What else is there? Or they are moving the direct costs into SG&A via accounting tricks so that folks like you think that they are running a good solid business.

    btw- lease buy back is not really a great idea although it makes the stock look better. You own the equipment and it DEPRECIATES. Now if you give it away you don't factor the cost of depreciation into the sale because you want the order and you are competing with batteries. Get the sale but lose money.
    May 24, 2015. 11:34 AM | 2 Likes Like |Link to Comment
  • Why Investors Should Not Pull The Power On Plug Power This Year [View article]
    I agree that PLUG is overvalued by 40% even with substantial growth in its customer base.

    It is really simple. PLUG sells the units below their costs losing money on every unit sold. The management has no plan to cut people, and reduce direct costs.

    If I were to go long I would wait until the stock drops to about 1.5 and then institutes cuts in SG&A and finds a way to reduce the direct costs of producing a unit. Until then short.
    May 22, 2015. 05:11 PM | 2 Likes Like |Link to Comment
  • Stillwater Mining: Commentary On The First Quarter 2015 Results [View article]
    Patience. The economy is growing very slowly here and globally. The materials involved here will go up in price and can be recycled. SWC has the technical position to make high profits once the volume of usage increased.

    Remember gold is used mostly for jewelry and does not have much commercial usage. Frankly in ancient times silver was considered more valuable. I do not own gold. Pt and Pd and of course silver are needed. There are no substitutes for these metals. They catalyze chemical reactions. Pt will not melt or oxidize at 3000F. We can recover Pt and recycle it. SWC does this.
    May 22, 2015. 09:36 AM | Likes Like |Link to Comment
  • Plug Power Needs To Improve Its Strategy [View article]
    PLUG sells a product below the cost. The more customers the greater the loss since the operating cost is not decreasing but increasing. SG&A are also increasing which gobble up the increasing revenues. My analysis is that they are running the company to pay themselves nice salaries, benefits and perks and do not care about the investors who do not work for PLUG.

    The author says change the strategy but if I worked for PLUG, I would keep the same strategy, pay everyone more, build up a nice bailout fund and then go bankrupt. Why? The product is obsolete, and has no technical advantage and continues to cost more to produce. Old tech.
    May 13, 2015. 09:33 AM | 3 Likes Like |Link to Comment
  • More on Plug Power's Q1 [View news story]
    Research and SG&A doubling as I predicted. Revenues are going into the pockets of the employees while PLUG has no plan to cut costs/employees and turn a profit.

    Selling the product at a loss is OK if you are on a slow road to ultimate bankruptcy and you want to keep your job until you sock enough away to retire.
    May 11, 2015. 08:49 AM | 3 Likes Like |Link to Comment
  • Stillwater Mining: Commentary On The First Quarter 2015 Results [View article]
    The economic recovery will also help SWC when it comes in the form of worldwide auto production. Pt in spark plugs and Pd in the exhaust (or Pt) and then there is recycling. If you have the lab set up you are in the cat bird seat.

    Yes this is a great stock to own and hold but Wall Street wants the dividend for their clients.
    May 10, 2015. 10:06 AM | Likes Like |Link to Comment
  • Stillwater Mining: Commentary On The First Quarter 2015 Results [View article]
    I was once in the business and understand the marginal contributions associated with recycling. If SWC continues to build this part of the business it will be very profitable. I did not realize that they had this capacity.

    I am now more bullish on SWC and may increase my holdings.
    May 9, 2015. 08:46 AM | Likes Like |Link to Comment
  • Amarin Hampered By Rising Operational Costs But Could Be Saved By First Amendment [View article]
    I have no idea what management has in mind. Apparently they think that they have a world class product or they would not have bothered with this lawsuit. Legal fees etc---I wonder.

    The bottom line is making a profit while increasing volume. Cut costs, and continue to sell and if the product is as good as they think ARMN will soar. Otherwise it is just a scam to keep jobs, benefits, and perks.
    May 8, 2015. 07:13 PM | 3 Likes Like |Link to Comment
  • Stillwater Mining: Commentary On The First Quarter 2015 Results [View article]
    SWC has inherent value being one of the only domestic producers of Pt and Pd. Problems in South Africa generally produce a bounce in the stock. However with improved management and efficiency SWC appears to ready to move into the 15-20 per share range on its own merit.

    Paying a dividend would be a nice attraction for investors but it is not necessary at this time in my view. SWC is a good addition to any portfolio at this price.
    May 8, 2015. 08:31 AM | 1 Like Like |Link to Comment
  • Plug Power: Accelerated Filer Status Triggers Sarbanes-Oxley Fraud Controls [View article]
    As I have posted before, the company is in a temporary 2.5 well. Next week after the financials, PLUG will go into the 2.0 well and so on.

    The cash flow is enough to keep the execs employed and most of the sales force who may continue to take orders for a product which sells at a loss!

    Yes the more customers and more the volume of sales, the greater the loss. Maybe the next strategy will be to fire salesman and gradually reduces losses by shrinking the number of products being manufactured.
    May 3, 2015. 10:35 AM | 1 Like Like |Link to Comment
COMMENTS STATS
110 Comments
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