Capstone Turbine Corp (NASDAQ:CPST)

Bought more than I wanted for a longer term hold to get it down to this price.

Have since "culled" the excess so have what I am comfortable with, while I wait and see how this plays out.

Could end up doing a reverse split to get into compliance, or may have surprise sales that will get it back up.

Do your own DD, but this company makes a good product that has a lot of uses, and could end up finally making a profit over the next few quarter. Could also have to issue more equity, but I am willing to hold at this price to see how things go.

JMO and worth exactly what I am charging for it.

This is the kind of company I really like to pick on. It's been around for years and years never generating a profit, constantly issuing new shares and reverse splitting every couple of years to get that share count back down. Look at that accumulated deficit!!! $800 MILLION!!! You have to wonder when shareholders will stop throwing good money after bad on this cash-eating machine...

They pretty consistently burn $20-25 MM in free cash flow per year. The little bit of credit I have to give management here is they utilized the recent run up in share price to issue more shares - shareholders might not like it, but the terms were not bad from a management perspective. But the decision to dilute had an almost instant impact of knocking the share price down ~20%. But they definitely have the cash now to keep the lights on for a decent period of time. So this is not one that go to zero quickly. It will, however, bleed lower over time. If you want a good laugh, go look at the price per share before all the reverse splits in 2000. I am seeing it peak at about $1,970 per share. Not what I would call a good long term hold!!!