Vince Martin

care to explain why you think so?

I mean, hydrogen power currently is being used for safe and economical applications. That's not up for debate.  Those applications aren't, you know, making any operating profit for PLUG right now. Let's not pretend otherwise. And as I wrote, it's certainly possible they never will. But that doesn't mean the entire industry is imaginary.

care to point to any specific points that are [expletive deleted]?

yes, that's a weird error, I'll try and get it fixed. thanks for calling out.

 I'd rather own the stock, honestly. The bonds are yielding 5.7-6.8%, so they depend as much on your thesis for broader interest rates as on the underlying business. On a relative basis, not sure I see the bonds as relatively attractive against other credit vehicles as I do the equity. I'd rather own the stock, honestly. The bonds are yielding 5.7-6.8%, so they depend as much on your thesis for broader interest rates as on the underlying business. On a relative basis, not sure I see the bonds as relatively attractive against other credit vehicles as I do the equity.

They didn't declare bankruptcy in the 80s. Sold to Time Warner in 1991.  They did declare bankruptcy in 2009, but their balance sheet was in far worse shape. As detailed in the longer version of the post, their financial situation is much improved, and bond markets are pricing in minimal solvency risk.

thanks for reading!

definitely. one of the questions I didn't really cover here too is how much cost they can cut. I mean, they're spending $100M+ a year on big-name comedy specials. The South Park joke, "This is Netflix, you're green-lit, who I am speaking with?" was funny for a reason (and that was five years ago!)