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By: Stockgroup Posted: 2008-06-07 04:24:51 |
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(New York) June 5, 2008 - Stockhouse reports this morning that Westport Innovations Inc. (TSX: WPT) released news the company had received a purchase order for "20 heavy duty liquefied natural gas (LNG) trucks featuring Westport's High Pressure Direct Injection (HPDI) technology." This qualifies as Westport's "largest non-port order to date for heavy-duty fuel systems."
Westport included the following description of company operations in the news release: "Westport Innovations Inc. is a leading global supplier of proprietary solutions that allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen and biofuels such as landfill gas." This puts Westport in the second category of investment opportunities described above - a company that puts technology to work transforming raw materials into usable energy. Westport stock has had a very good run in the past two years. During the fall of 2006 the stock traded in a tight range that centered around the $1.25 mark. At the beginning of 2007 it broke out to the upside in a decisive fashion on heavy volume, and hasn't looked back since. Share prices climbed to $3.00 and then bounced up and down for the remainder of 2007. At the beginning of May this year, they broke out again and are now trading at close to $5.00. On the Westport Bullboard message board, Stockhouse member 'westport1' kicked off an 11-post thread with the following observation: "Very rarely do stocks rise like this on such poor revenue growth and still racking up losses...this stock hasn't been treated this kindly for a decade! The poster may be right about a takeover, or perhaps it's the U.S. investors discovering it. In any case, I've certainly lost a whack of money by getting out in the $3s. Duh! I guess this time 'it's different.' "Still, seems frothy and like blowoff point to me, so can't bring myself to chase it...if it doesn't drop back, I'm afraid WPT is a goner for me. Market cap now well over $500 million on sales of $70M...doesn't add up unless there's something really BIG in the offing. "Nice going by those of you who held in." When Stockhouse member 'stirene' responded with, "Thanks Wesport. It is a takeover," another member, 'marketbiggy', asked, "I was speculating on a takeover.....what makes you so sure that is what is happening?" Leaving the subject of takeovers aside, Stockhouse member 'cornolio' proceeded with a fairly thorough analysis of positives and negatives for the company: "I have also been a long time follower of this stock having been in and out several times. I too have had some of the same tepidations that you have had based on past performance regarding the present price movement on this stock. I've been there and did that. I reduced my position by about a 1/3 yesterday @ 4.75 which was enough to cover my original investment and held the rest with thoughts of putting a stop loss order in at 4.50 for the anticipated fallout this AM after the release of the results. "Looked like a complete fool this [morning] when the price plummeted to 4.25 at the open and figured I was in deja vu all over again until I made the decision to listen to the conference call before pulling the plug on this pig and losing what profit I did have. So why did I hesitate? What's different this time? I had to remind myself of these points: The technology involved is simple in concept and implementation..." Stockhouse member 'cornolio' continued with a list of twelve positive points, including a list of negative considerations. More from 'cornolio': "Today investors seem to have seen the positives through the gloom of this quarter. I am as shocked as you and all bets are off now on what in store for this stock going forward. But remember it hit a high of $28 a few years back with a lot less on the positive side showing at that time and sat at less than $1 without all the negatives now in play. Who knows where the increasing exposure will take it. Maybe pigs can fly [sic]!" For the complete analysis from "cornolio", visit http://www.stockhouse.com/Bullboards/MessageDetailThread.aspx? For more on investor reaction to this morning's release from Westport, visit the WPT Bullboard at http://www.stockhouse.com/Bullboards/SymbolThreadList.aspx? For the original Stockhouse article with links and disclosure policy, visit http://www.stockhouse.com/Community-News/ To comment or join in on the conversation, sign up to become a Stockhouse member at http://www.stockhouse.com/General/MemberBenefits.aspx About Stockhouse Stockhouse is a leading online financial portal owned and operated by Stockgroup Media Inc. Stockhouse is home to Bullboards message board - Canada's largest community of active investors. It provides financial news, tools and information that enable its investor community to uncover and share opportunities in the markets and collectively beat the street. Recognized for its engaged audience, Stockhouse provides a sought-after demographic for advertisers. Legal notice regarding Trademarks "Stockgroup", "Stockhouse" and "Bullboards" are either registered trademarks or trademarks of Stockgroup Information Systems Inc. and/or its affiliated companies in Canada, the United States and/or other countries. Other names may be trademarks of their respective owners. The TSX Venture Exchange and the OTCBB have not reviewed and do not accept responsibility for the adequacy or accuracy of this press release. Comments made by Stockhouse community members contained in this press release may be edited for language, brevity or clarity. |
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