Hi Pat: I would appreciate it if you would give me your thoughts on the following two companies: Westport Innovations and FLYHT Aerospace. Best regards.
Westport Innovations, $28.73, symbol WPT on Toronto (Shares outstanding: 55.4 million; Market cap: $1.6 billion; www.westport.com), develops technology that lets engines operate on gaseous fuels, such as natural gas or hydrogen.
The company also has a 50/50 joint venture with Cummins Inc. called Cummins Westport Inc. The partnership sells a range of low-emission alternative-fuel engines for medium-duty trucks.
Westport’s shares dropped earlier this month after the company reported quarterly results that were below consensus estimates.
In the three months ended June 30, 2013, Westport’s revenue fell 28.9%, to $34.9 million from $49.1 million a year earlier (all figures except share price in U.S. dollars). The consensus estimate was for revenue of $43.2 million. The company lost $33.9 million, or $0.61 a share, compared to a loss of $6.1 million, or $0.11. The consensus forecast was for a loss of $0.49.
Westport’s shares are down from their all-time high of $49.68 in March 2012. However, that still gives the company a very high…
Privacy Policy and Terms of Use
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
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