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. 


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