FormerXBC Inc XEBEQ

RE:RE:FYI only

[tamaracktop]

catchascatchcan wrote:

Hopefully they (Plug) surprise, but based on their recent refilings I doubt it.  Hope the spillover effect is limited if they miss, and exaggerated if they beat!  Big week, he go now   

 

tamaracktop wrote: Plug will announce earnings tomorrow. This
ought to be interesting.
 

  Actually, I expect their numbers will be brutal, especially their bottom line.
   The optimal scenario of course would be for Plug's stock to rally nevertheless. The opposite of a "sell on news" reaction. Let's face it. Despite being very probably the biggest player in renewables, Plug's stock is down 70% in less than four months, and the company has lost $31 billion in market Cap. It's been a tough row to hoe for Xebec these last few months.
   The unfortunate part is that Plug won't be able to report year-over-year percentage gains in revenues as they had no revenues last year. An accounting issue related to their issuance of stock options to Walmart. We won't be able to compare Xebec's top-line growth to Plug's.
   So you see, Xebec isn't alone in having had their revenues negatively affected by accounting issues. At least Xebec isn't facing the ever-growing number of lawsuits that Plug is facing. Have you noticed that several of the law firms inviting people to join class-action suits against Plug are stipulating only those who have lost $500,000 or more need apply? Ambulance chasers.
   To be brief, if Plug reports poor numbers, and the stock rallies, this will bode very well for Xebec's stock. The worse Plug's numbers are, the more Xebec's will shine in comparison.
    While it may seem improbable for money to rotate from Plug to Xebec, I wouldn't be at all surprised to see inflows from Ballard shareholders. They can carry their losses in Ballard forward indefinitely, and Xebec looks to me like a far better play. To me anyways.
   In any event, if Plug rallies tomorrow, the positive response to Xebec's news on Thursday will surely be amplified.