Amazing how companies can lose so much money and stay in business. Teacher Pension has moved in with a lot of money twice otherwise the company would be toast. If you are looking for a long-term, relatively speculative play, this might be for you.
Changing power systems of rail changers. Technology has been good but weren't able to make any profits. Have been selling at a loss. Trying to restructure and now that they have a financing in place they possibly can be more successful in getting sales. Would like to see some sales ramp up.
Almost went bankrupt. They are trying to get an electronic version for the rail lines. Had high debts and were burning a lot of cash. Were losing money on their first 2 projects. Recently found some financing with convertible debts from Teachers. Needs to see some contracts being signed.
Loved the company 2 years ago. Had great technology, green power on locomotives. Signed a lot of contracts and then couldn't build them. Ran out of money and the Teachers Pension Fund gave them enough to survive. It will be a long time before they make any money.
Have special energy efficient technology for locomotives. Did well on the story, but the company failed completely to deliver on any kind of expectations.
Environmentally friendly locomotive called the Green Goat. Great product. Had trouble manufacturing through outsourcing but now have it in-house. Wait to see if it turns around. Some competition. Very speculative.
This was a successful Short for him in 2006. The company is in trouble. They don't make money. Their product might work, but they have been burning money at a pretty high rate. Doesn't think the company will survive.
Likes management and what they have achieved. Announced a cash crunch. Thinks they will come through this. If they get through this, the stock will pop significantly.
A fascinating technology, but has never met all 3 of his requirements, competitive advantage, valuations and/or technical. If they can get the traction again, it could be an exciting opportunity. We'll be looking at this one now.
(A Top Pick Oct 30/12. Down 29.09%.) Still, a big believer in this company. Good management. A lower cost producer. Still a Buy.