Jettyrat
10 months ago
From today's press release:
John Juric, Chief Financial Officer of the Company, said, βI would like to express my appreciation to our customers, vendors, and business partners for their patience and support. I am also deeply grateful to our entire Capstone team for their hard work in continuing to execute the Companyβs strategies throughout the restructuring.β
"Shareholders," Juric added, under his breath, away from the microphone, "can bite my unwashed ass! Mwhahahahaha!"
noshorthere
12 months ago
From a Company standpoint I think this is a good thing (chapter 11). The Albatross around the Company's neck has always been the Non-Stocking Distributor Sales/Service business model that sucked about 25% (Distributor discount) off the top of all revenues. Chapter 11 will make it easier/cheaper to get rid of the Distributors and replace with direct sales/service people---sending additional 10-15% straight to the bottom line----generating profits for the first time in---well---forever. Also, they can stop chasing shinny crap like micro-turbine powered trucks/buses, hydrogen economy, range extenders, etc., and focus on what they do best.
From a shareholder standpoint---I don't know. It will be harder to get rid of your stock because it is going to be a private corp. instead of a public corp.. It all depends on if the new Company will pay dividends, and how much---that will set the stock value.
noshorthere
1 year ago
IF the new CEO gets rid of the non-stocking distributors and replaces them with direct sales/service people---at least 10% will go straight to the bottom line, and they will eventually start making a profit. 😍 If the new CEO leaves the distributors alone and chases, trucks, hydrogen, and all the future glitter like DJ did, well, turn out the lights---the party's over. 😭
noshorthere
1 year ago
There is a god !!!
LOS ANGELES, August 14, 2023--(BUSINESS WIRE)--Capstone Green Energy Corporation (NASDAQ: CGRN), announced that Darren Jamison has resigned as President and CEO, and board member of Capstone Green Energy, effective August 22, 2023.
Now, maybe they have a chance of not only survival, but profit. 👍️
usma1992
3 years ago
This stock a while back was a darling of Wall Street because everyone could see the use of their products. However, their business model was consistent with their product line. They made a shift about 12-18 months ago to build a rental fleet of MicroTurbines (MT). They are well capitalized with 38M in the bank thanks to the backing of Goldman Sachs. The progress of the last 18 months will soon begin to be reflected in Feb 10 earnings. They are getting close to EBITDA breakeven. Probably less than 4 months away. Market cap is 50M. Article published Dec 21st says top 7 green stock this year. Ironically, every market cap was almost a 1B plus except for CGRN. Seekingalpha article in August mentioned $100+ a share.
Four analysts have price targets of 13-14+ and it is trading at 3.50. They are in the energy sector/green sector and $90 a barrel doesn't hurt their situation.
They have big things on the horizon... including an EV partnership for charging stations. Microgrids, methane capture, mining, cannibas... all of these require power and CGRN type power. In many ways, they are the only game in town for that.
I think CGRN can be an unexpected linch pin in the green movement. They are a supplement to almost every movement. Expect Baker Hughes announcement soon.
Many hate this stock because it has been an underperformer. I think the foundation is set for it to take off. Worth a look anyway.
In full disclosure, I own shares, my son owns shares, and my ex-wife owns shares.
Enjoy
Dave