Q: Could you please provide your current thoughts on taking a position in this company. Technically, it seems to have bottomed after a long steady decline. The recent CPKC announcement is encouraging. How is their balance sheet.
Thinking about a TFSA investment. Your thoughts are greatly appreciated!
Thanks for all the help you provide to the retail investor!!
Thinking about a TFSA investment. Your thoughts are greatly appreciated!
Thanks for all the help you provide to the retail investor!!
5i Research Answer:
We can never comment on BLDP without mentioning its 30+ year history of mostly losing money. It has never made a profit and cash flow continues to be negative. The $2.50 stock was more than $150 more than 20 years ago. Losses are expected to continue into 2026. The balance sheet is strong, with $600M cash currently. Recent news has been good, with two new contracts. Still, the stock is down 48% this year. We would be more interested if it could get to break-even cash flow. But, the share count has more than doubled in 10 years (with financings) so it remains very hard to endorse this.