15 years of Investing and yep, this is the one stock I wish I had never bought. CEO sells out, stock is worth less than I paid for it a year ago, company spendimg $500m this FY and based on the last 12 months of sales expect to sell 5-6MW at $4m a a MW. Dont know about you but what Iearny from my Accounting degree, Year 6 Maths Teacher from 1986 and Economics Teacher from 1991 is that borrowing $500m from a bank and then your return on this is the same or less than your Interest Payments at 2-3%, then you might just struggle to survive. Surely this is the lowest/negative growth of the growth stocks out there and with increasing competition, no Positive Material contract wins/announcements in15mo ths even though the CEO keeps saying otherwise, I just don't see how you can borrow amoat $2b and repay this expense with a pitiful 5.5MW a year at $4m per MW.
NXT Price at posting:
$11.71 Sentiment: None Disclosure: Held
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