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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 bugoffon Apr 19, 2010 6:18pm
302 Views
Post# 17008574

RE: sell off?

RE: sell off?I don't know how long you have been around the stock, but this is not uncommon  when "unusual" things happen in the markets. Westport investors are a lot like jelly fish in that they tend not to have backbones. This Goldman story seems to be the catalyst for the latest sell off.
I would have thought that the inter-listing on the American exchange would have diluted this type of investor, but it seems that there are a lot of American investors who lack spines as well. 
However, since the volumes where low on the Canadian exchange, and high on the American exchange, I'd suggest day traders or short selling had a lot to do with it... but heck, who really knows, eh.
The bottom line is that if you believe Westport has a the winning ticket buy and hold the stock, because it can be a bumpy ride. Anything could happen from here on out, and the news that makes it break out again will likely come from out of the blue; and from a source unknown to us.
One of these days we will see the "big NR" that will push the company name into the "market darling status", but I would not expect the NR to come from Westport themselves; so focus your attention elsewhere...  like a massive terrorist strike on a Middle East pipeline; that would make it pop.
Bullboard Posts