RE: Hydrogenics Target Price = $0Whenever a new CEO takes over there is ofen a big writedown, and this writedown is always attributed to the sins of previous management. Ths is called taking a bath and is a standard financial statement "shenanigan" or manipulation. It make the balance sheet look better after the writedown and increases earning per share.
However, it will not increase free cash flow, which is not a reported number, but matters the most.
Analysts, fund managers, and institutions will see through this. However, a retail investor may not.
Like I said. This stock is dead money. Move on, there are plenty of fish in the sea. Seems like the institutions already have left this company to flounder, by the look of the stock price performance.
Don't be left holding the bag.