Alterra Power MGMXD

4th Quarter Resuls

[Stocker46]

Thought they looked quite positive and yet the share orice is going down ?

[Ijustneed2mil]

The company is heading in the right direction, but it still had a net loss for the year. Almost all of the net loss seems to have been caused by one-off write-downs. The company is well-run and in good shape. I think it might be God telling us to buy more. ¯\_(ツ)_/¯

[Stocker46]

Agreed. I think the key is that EBITDA improved significantly ...  and the net loss of $34.8 million (vs $116.3 million loss last year) is almost entirely due to non-cash adjustments.

[materialsgirl]

Ijustneed2mil; "The company is well run and in good shape" you said.   The scorecard does not support your claim. Over 5 or 6 years the share price has fallen from $1.80 to ~ 30 cents or almost 85%.  It has never paid a dividend.  It has never made a profit but rather huge huge losses year after year.   The fact that some losses are called non -cash is false as it

[Stocker46]

Your Accounting prowess seems to be  suspect. EBITDA (particularly in a company like AXY) is a much better meaurement of the Companies health ... and it hit record highs. There Cash Position also improved.

[R_J_]

Some relevant links. The news release: Alterra Power Announces Results for the Year Ended December 31, 2014 - https://www.alterrapower.ca/news/Press-Release/News-Releases/News-Releases-Details/2015/Alterra-Power-Announces-Results-for-the-Year-Ended-December-31-2014/default.aspx - The 40 Minute Pod-cast [Earings Call]. - - - Marin Katusa’s Comments: Quote

[R_J_]

Oops! Link to the 44 Minute Pod-cast [Earings Call]. - https://podcast.newswire.ca/media/alterra20150325.mp3 - RJ

[materialsgirl]

RJ; Firstly I concur that many things seem positive about AXY.  There are a lot of specific things to like. But where is the money?   Cash flow is a more important metric than net profits in the short term for infrastructure type businesses as was pointed out.  I agree.  But long term the only thing that matters is profits after all expenses and corporate tax The last place

[Stocker46]

My apologies materialsgirl. You've  obvoisly done some very good resaearch on the company. Just thought your previous comments were somewhat negative in veiw of  the fairly positive financials. I also agree totally that most Managers (not unlike politicials) are spin doctors and try to paint as rosy a picture as possible. Unfortunately, if your knowledge of those running the company

[veracruz]

Materialsgirl; I agree with your synopsis, accountants are like designers, they create the books. But, for your friend to buy around 1.80 in a long position is just gambling. There were no fundamentals in place. They are just building fundamentals in the last few. Scorecards are relative to when an investor stepped in. Mine looks good ! I have maintained this as a 2016 company for awhile and it

[materialsgirl]

veracruz Glad that you had a good entry point.  I agree wholehearedly with your observation as I have outlined in my post a few minutes ago.  The exit point could very well be end of 2017 or it may be later.  It will depend oh how the business unfolds in the meantime and on the dividend and on whether there is an active USA listing. One matter that I have no opinion on is this

[veracruz]

Small/micro cap renewables are approached all the time about assets/ company. Issue with Alterra is they have inside protection. And, it is not just Beatys pet, but an ethical company he is gifting to children. So, unless they want to divest, I think we will see things progress slowly but solidly