Augusta facility seems at a standstill as expected. Google earth image from January 2024 likely still the state 0f things, as judged by the road. Past the Starbucks plant the road has a metal gate, half opened. A couple other vehicles came by. No equipment on company property… it looks like they are just now bring utilities up the road. I recall they had to prove the process in Ohio to get further financing. I see lots of excitement on Reddit and twitter. Absent good news at next earnings I’d expect lots of folks to be disappointed. they have a long slog ahead of them. It took them years to get the current plant running. I don’t like corporate HQ apart from things in Florida.
So how much hype is built into the price right now? And how long will that premium be sustained barring any major events? If you're going to take it long, that's a question only you can answer. In reality, if you want to get in early and you know the story, you don't need bs news stories. if you think about it, and go back as you have obviously been around awhile.... I bet if one one were to do a study, any speculative stock's price over time is inversely proportional to the number of of news releases they release into the public ether. The louder the pump, the worse the stock. Know the story. I told you what's important quarter to quarter for the long haul with this one... go straight to that income statement. Zero in on the cash-flow trend. Ya know I'm not gonna be a Stoney here, because that's not my point... but has anyone here ever heard of Limbach Holdings? LMB. Of course not. It's about as far off the radar as a stock can get. It closed today at $81.71. Why do I bring this up? To make my point about reading an income statement. A business is a business. Here: https://www.elitetrader.com/et/threads/2024-stock-picks.377535/page-23#post-5963662 I knew the story, I knew the stock. It's a dinosaur sector stock that is up nearly 100% in 15 months. Why did I share it when I did in the mid $40's....? Because I have watched it for awhile, and their income statement said it all that time, plus they were (are) in the right sector for the times. Lot's of big construction going on. Daytrading is fun. it's challenging, and it kills time too fast as anyone here that has done it for awhile I'm sure will testify; but if you want to build wealth via stocks, there is no adhd allowed. Easier said than done I know, but looking back, the older you get the more you realize time flies. Tempus fugit. It was only yesterday that NVDA was $70.... before the 10:1 split. $7 to $140.... 20X your money if you just sat on your hands in the knowledge that "you knew the story." I did it with ISRG. And I hate myself for even selling when I did.... and that was a HUGE win when I did. Unlike my cmg at $63 pre-split.
I don't get this at all. They need a clean stream of feedstock and this sht simply isn't going to scale. Maybe you get to 15, who knows.
I get it some. I don't know about feedstock stuff. CEO says sourcing it now for 15-20 cents/# If they don't start producing/selling soon the business will go belly up. They might be working on a sorting facility in Denver PA, seem to be hiring for it. I might take a drive to go Peter Lynch the place. Why won't it scale?
I can't go into detail (scale) as you're getting it secondhand and I don't follow it well enough to comment further. A pro that I chat with was in it and is now short as of Fri-close.
Google Earth imagery from 2022 shows dirt lot in the middle where an old hotel must have been torn down (per internet search of the address). Denver PA presort facility. Attached is that image