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Westport Fuel Systems Inc T.WPRT

Alternate Symbol(s):  WPRT

Westport Fuel Systems Inc. is a global company focused on engineering, manufacturing, and supplying alternative fuel systems and components for transportation applications. Its segments include Light-Duty, High-Pressure Controls & Systems, Heavy-Duty OEM, Corporate, and HPDI joint venture (JV). Light-Duty segment manufactures liquified petroleum gas (LPG) and compressed natural gas (CNG) fuel storage solutions and supplies fuel storage tanks to the aftermarket, original equipment manufacturer (OEM), and other market segments across a range of brands. High Pressure Controls & Systems segment designs, develops, produces and sells components for transportation and industrial applications. Heavy-Duty OEM segment provides transitional services. The HPDI JV sells systems and components, including LNG HPDI 2.0 fuel system products, to engine OEMs and commercial vehicle OEMs. Its fuel systems and associated components control the pressure and flow of alternative fuels.


TSX:WPRT - Post by User

Bullboard Posts
Comment by contrainvestoron Dec 09, 2009 10:33am
477 Views
Post# 16568430

RE: Sadly, the new money likely isn't enough

RE: Sadly, the new money likely isn't enoughWestport1, I really enjoy your posts, I find them to be informative and balanced.  However, I have to slightly disagree with you on this one.  You have obviously been invested here much longer than I, and so with that I guess comes more perspective, which I appreciate.  However, there is an old adage in the capital markets business that you take the money when it is there.  The financing done last summer was done in a much different environment and so we can not compare it with this financing.  I think the fact that they are able to do a financing at this level, effectively valuing the company at $400 million when they are still experiencing deep losses, speaks to the fact that the brokers and the investors they will bring into the company, see the potential for the homerun here, which I think we all do as well, otherwise we would be invested somewhere else.  The dilution is pretty minimal when one considers the potential upside in this company.  If they get where we expect them to get in the next few years, this 5 million shares will soon be forgotten.  From that perspective, I am ok with this financing.  Cheers.
Bullboard Posts