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mds5375

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  • Axion Power Concentrator 237: May 16: Axion Power Reports First Quarter Results For 2013 [View instapost]
    Back to yesterday's attendees for a minute.

    The fact that Mr. Berkowitz was once again in attendance tells me that (his sale of AXPW not withstanding) that he is convinced of the AXPW story. It is only timing that is his question. Apparently, he was earlier convinced (as many of us) that the breakout would be sooner than later. Then he changed his mind and sold. However, the belief in a breakout at some point is still there. The story is till a ound one.

    While I won't complain if it's sooner, I'm now looking toward Q4 into Q1.
    May 17, 2013. 01:29 PM | 9 Likes Like |Link to Comment
  • Axion Power Concentrator 236: May 15: Axion Power Releases Quarterly Report For The First Quarter 2013 [View instapost]
    Unfortunately, 2 years ago I DID think that we were where we are now...

    Oh well...
    May 16, 2013. 11:05 AM | 8 Likes Like |Link to Comment
  • A Long-Term Investor's Case For Jones Lang LaSalle [View article]
    Thoughts on European exposure?

    (I don't see it as a big issue given the % of operations in Europe and the types of services provided. However, I always welcome additional viewpoints.)
    Apr 29, 2013. 01:17 PM | Likes Like |Link to Comment
  • Axion Power Concentrator 221: Mar. 24: Axion Power Completes New Continuous Roll Carbon Sheeting Process [View instapost]
    FWIW – Here is my “step-back-and-think-a... take. In management’s mind, EVERYTHING was hinging on the automated production line.

    My initial overall impression is that the lack of an automated production line was standing in the way of a number of opportunities. It affected the cost/price (giving investors profitability questions); and it affected the reliability, consistency, and volume (giving customer’s worries). The mass production question is now out of the way and opens the door a lot wider in a number of directions (e.g., BMW Fleet testing) leading to more sales.

    Because these issues have been resolved, potential funders have had major risk removed. I firmly believe that is the reason for the delay in the funding announcement (and we didn’t really hear anything today, either). I further believe that there is very likely to be a quantum step up in PbC sales.
    Mar 25, 2013. 12:38 PM | 10 Likes Like |Link to Comment
  • Axion Power Concentrator 220: Mar. 22: Axion Power Completes New Continuous Roll Carbon Sheeting Process [View instapost]
    If the finished goods inventory of $1.7 million were all PbCs, or after subtracting the "usual" inventory of $0.3M = $1.4M were all PbCs, how many batteries would that be? Does it give any insight to the buyer (assuming it is mostly a single buyer)?

    I like the idea that it may help indicate the new 'aligned' investor.
    Mar 22, 2013. 03:00 PM | 4 Likes Like |Link to Comment
  • Axion Power Concentrator 219: Mar. 20: Axion Power Completes New Continuous Roll Carbon Sheeting Process [View instapost]
    Given the tremendous cost savings inherent in the new manufacturing process, I think back to the press release with ePower (which I don't have handy) and would like to resurrect the discussion that maybe ePower DID get a lower price based on this what we now know to be a cost savings (but didn't know about at that time). I need to go back and look at the press release again.

    BTW - I've been out of the loop for nearly a week, so this thought may have been covered.
    Mar 20, 2013. 03:54 PM | 7 Likes Like |Link to Comment
  • Axion Power Concentrator 216: Mar. 10: Axion Power And EPower Engine Systems Inaugurate Strategic 18-Wheeler Alliance Using PbC Batteries In Hybrid Drive Trains For Class 8 Trucks [View instapost]
    Only wish I didn't have a weekend of comments to go through.
    Mar 10, 2013. 09:29 AM | 3 Likes Like |Link to Comment
  • Axion Power Concentrator 216: Mar. 10: Axion Power And EPower Engine Systems Inaugurate Strategic 18-Wheeler Alliance Using PbC Batteries In Hybrid Drive Trains For Class 8 Trucks [View instapost]
    me, too!
    Mar 10, 2013. 09:28 AM | 3 Likes Like |Link to Comment
  • QC #254, February 22, 2013 [View instapost]
    A compelling story for me on gold/silver - especially when adding the technical writings of Avi Gilburt here on SA.
    http://seekingalpha.co...
    Do your own due diligence.
    Mar 6, 2013. 11:06 AM | 5 Likes Like |Link to Comment
  • Axion Power Concentrator 214: Mar. 4: Axion Power And EPower Engine Systems Inaugurate Strategic 18-Wheeler Alliance Using PbC Batteries In Hybrid Drive Trains For Class 8 Trucks [View instapost]
    Holy Cow – what a firestorm I stirred up. Apologies!

    I keep up with the concentrators, but don’t get on that often (full time job, family, etc). So I get back on for a look this morning and see the lid came off the pot.

    First – the ePower news is nothing but great.

    That said, my comment came because I was puzzling over the exclusivity, and was looking for a good reason behind it.
    Billa said it better than I did: “I can't help thinking that Axion wants to show a significant potential revenue stream to whoever is going to provide the coming funding round and ePower agreed to go along with the 5-year plan even though they might not necessarily have been thinking in terms of a time-based commitment. A steady stream however small”. That was my point.

    Yes, ePower was going to go with Axion anyway, but the “exclusivity” news and the “Nothing else will work” news getting out to the public is important to Axion. I really do like JP’s answer that service-level (performance) agreements on the battery performance by Axion would be a really good quid pro quo and provides the best answer. It has the elegance that it cost Axion nothing, just like exclusivity had no cost to ePower.

    Still, with all the sales to date being “one-off”, I would argue that a ‘going price’ has not necessarily etched in stone – especially when I suspect cost per unit has come down over time. While I wholeheartedly agree “discount” was a very poor choice of words on my part, I would use iindelco’s words: “I find the whole thought of ePower negotiating a better deal than NS interesting. And so it shall remain as such.”

    Time to crawl back into my cave to mine more salt – at least until the stock price goes to $10-$20! :-)
    Mar 5, 2013. 10:04 AM | 10 Likes Like |Link to Comment
  • Axion Power Concentrator 213: Mar. 3: Axion Power PbC Batteries Continue To Demonstrate Effectiveness For Railroad Applications Norfolk Southern [View instapost]
    Regarding the exclusivity agreement with ePower, I would strongly bet that Axion traded a bit of price for:
    1) The right to guaranteed revenue now (amount may not be huge right now, but is right now)
    2) The right to say that only OUR battery is the only battery that does the job

    In light of the need for financing, guaranteed revenue could be huge, and could possibly actually delay the financing. ePower was obviously going to go with Axion batteries, but I believe that the statement together with guaranteed revenue was traded for a bulk discount if ordered immediately.

    We'll see.
    Mar 4, 2013. 04:41 PM | 8 Likes Like |Link to Comment
  • Calumet Specialty In 2013-14, Consolidation Years [View article]
    First, I am no expert.

    That said, my take is that ALL of the refiners who can take advantage of WTI price, regardless of their products were geared up to turn a profit based on the current price and current cost. When both were stable, the margin stayed stable as well.
    What we seem to have here (IMO), is that while demand and therefore selling price seem to have remained stable, costs have suddenly dropped based on using WTI in place of Brent. At the margin, a small change in the cost can drastically affect profitability. Further, while I see demand and price remaining stable (being based on Brent pricing for worldwide producers), I don't see WTI and Brent getting much closer for quite some time in spite of pipelines. Therefore I see outsized profits.

    I'm afraid I don't have any insight into what CLMT's lowering their product price might do for extra demand, or CLMT's ability to produce more to fill that demand. My guess is that IF they can/do increase output, that management is making a solid decision that will not be hurting dividends nor stock value.

    BTW - I, too,have found akaralph's comments to be useful.
    Good Luck.
    Mar 2, 2013. 08:09 PM | Likes Like |Link to Comment
  • Calumet Specialty In 2013-14, Consolidation Years [View article]
    gpenny - The crack spread is the difference between the cost of the raw oil (input) and the refined product (output). http://bit.ly/RvkxLI

    The price of each can vary over time. Lately, the price of the output has been reasonably steady (IMHO); however demand could change and the price with it. On the input side, the price of oil has dropped recently due to the ability of many refineries to use WTI in place of Brent. There is discussion that the gap between WTI and Brent could narrow. (IMHO, I don't see that happening soon in spite new pipelines and possible exports).
    However, do your own due diligence.
    Feb 28, 2013. 08:38 PM | Likes Like |Link to Comment
  • Axion Power Concentrator 211: Feb. 23: Axion Power PbC Batteries Continue To Demonstrate Effectiveness For Railroad Applications Norfolk Southern [View instapost]
    iindelco - "Concerning the return of the batteries..."

    Thanks for your input on that. I was (and still am, somewhat) puzzled about the 'why' of the return of the batteries to Axion. I can definitely see the Axion desire to look at the batteries and comment on the results as you point out. I would agree that it was probably part of the agreement at purchase time. But still, I would have thought that Axion sold the batteries to BMW who would still own them.

    So while it does seem 'obvious' that whatever testing contracted to Combatec is done, and there is a good reason for the return of the batteries to Axion - as opposed to some other use by BMW, I nonetheless still wonder why does BMW want the batteries back in New Castle?

    (LOL at myself - I can't say my wall of worry is completely gone til I'm back to zero.)
    Feb 24, 2013. 09:43 PM | 1 Like Like |Link to Comment
  • 3D Systems: How Market Dynamics Have Created A Bubble [View article]
    georgi - Thoughts on ONVO?
    Feb 21, 2013. 10:19 AM | Likes Like |Link to Comment
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