Plugging into some Reality: Fair Value of PLUG is 50 cents (Citron)

Citron is out with a new report on Plug Power, a fuel cell company, calling it a cult stock, a dream stock (in dreamland with biotech and 3D printing) and a casino stock. Citron makes a compelling argument of why management is toxic and should not be trusted. Regardless of your conclusion the valuation is hardly justifiable and there can’t be to many seriously long-term oriented shareholders when in one day more than the entire outstanding float changes hands, twice. 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s