$535m squadered

[callmeslick]

You shouldn't push me when i'm in the middle of a rant. You should know how i'm going to react.

I'll go have some oatmeal and peaches now.

....and then, the real fireworks begin!

[Pudfark]

try learning to read first. While the company is shaky, they aren't bankrupt. Wait until oil hits $120 per barrel
(I figure that to be about 10 weeks out, and have bet a lot of money we see it before September sometime).
Those green products, and producers of same, will suddenly seem a lot more relevant.

There ain't no market for overpriced and inefficient "green products"..especially, when it's gonna cost the "rubes" more to buy them....when the oil necessary to manufacture them gets to $120 a barrel or $3 a gallon. That 15 year old toyota, that still gets thirty miles a gallon and is paid for, will be far cheaper to "run"...than a $44,000 dollar chevy volt, which is gonna take 15 years and a million miles to amortize the cost...at 40 miles a trip.

Old Pudfark sez: " It ain't affordable, if ya can't pay for it.... "

[callmeslick]

try learning to read first. While the company is shaky, they aren't bankrupt. Wait until oil hits $120 per barrel
(I figure that to be about 10 weeks out, and have bet a lot of money we see it before September sometime).
Those green products, and producers of same, will suddenly seem a lot more relevant.

There ain't no market for overpriced and inefficient "green products"..especially, when it's gonna cost the "rubes" more to buy them....when the oil necessary to manufacture them gets to $120 a barrel or $3 a gallon. That 15 year old toyota, that still gets thirty miles a gallon and is paid for, will be far cheaper to "run"...than a $44,000 dollar chevy volt, which is gonna take 15 years and a million miles to amortize the cost...at 40 miles a trip.

Old Pudfark sez: " It ain't affordable, if ya can't pay for it.... "

dude, this company makes solar panels. If you don't think those things will more than pay for themselves, I'd say you are crazy, especially where you live. Frankly, I'm on the verge of installing a shitload of them down at the Virginia place, both roof panels and freestanding ones on an acre of otherwise unused open land. I'll be selling electricity back to the coop, and saving them the cost of burning oil/natural gas to generate. Win/win for everyone, including the companies selling the panels. Eventually, that company in California is going to make serious money, I suspect. It just appears that the Repubs want to make political hay by declaring them failed before the startup process gets through that rocky initial phase.

[Pudfark]

Well Slick, if you're gonna do all that to your property...surely, you know the costs involved?
How long it will take you to amortize your investment....Hope you live to the ripe old age of 140 to see
that occur....don't forget to include maintenance and degradation into the algorithm....

[Buzz]

try learning to read first. While the company is shaky, they aren't bankrupt. Wait until oil hits $120 per barrel
(I figure that to be about 10 weeks out, and have bet a lot of money we see it before September sometime).
Those green products, and producers of same, will suddenly seem a lot more relevant.

There ain't no market for overpriced and inefficient "green products"..especially, when it's gonna cost the "rubes" more to buy them....when the oil necessary to manufacture them gets to $120 a barrel or $3 a gallon. That 15 year old toyota, that still gets thirty miles a gallon and is paid for, will be far cheaper to "run"...than a $44,000 dollar chevy volt, which is gonna take 15 years and a million miles to amortize the cost...at 40 miles a trip.

Old Pudfark sez: " It ain't affordable, if ya can't pay for it.... "

dude, this company makes solar panels. If you don't think those things will more than pay for themselves, I'd say you are crazy, especially where you live. Frankly, I'm on the verge of installing a shitload of them down at the Virginia place, both roof panels and freestanding ones on an acre of otherwise unused open land. I'll be selling electricity back to the coop, and saving them the cost of burning oil/natural gas to generate. Win/win for everyone, including the companies selling the panels. Eventually, that company in California is going to make serious money, I suspect. It just appears that the Repubs want to make political hay by declaring them failed before the startup process gets through that rocky initial phase.

They haven't made a dime since they opened in 05. You think it's a good investment to just keep throwing money at them?

[callmeslick]

Well Slick, if you're gonna do all that to your property...surely, you know the costs involved?
How long it will take you to amortize your investment....

at current prices, given current tax incentives, and current technology, I'll break even within 10 years, tops.
That is barring a massive increase in cloud cover over the Delmarva Peninsula. After that, pure profit, albeit a pretty small amount, personally, maybe to the tune of 5 figures per year, at the most.

Hope you live to the ripe old age of 140 to see
that occur....don't forget to include maintenance and degradation into the algorithm....

given the above math, I'll be 66, and maintenance is extremely minimal. Degradation shouldn't be terribly bad,
given I've known folks with older technology panels still functioning perfectly after 15 years or more.

[callmeslick]

They haven't made a dime since they opened in 05. You think it's a good investment to just keep throwing money at them?

you think 6 years is any sort of timeframe for a technology venture, Buzz? Do you realize how long a period of low revenue many such firms go through before raking in cash? Bear in mind, too, the purpose of this loan is to keep them functional enough to keep developing the technology. The fact that they haven't been able to keep a huge production force in place has no relation to keeping the engineering staff at work. That will pay dividends for all of us, should they hit some kind of breakthrough. Like all emerging tech, it's a gamble.
But, at 300 million, the gamble is a matter of peanuts for the potential payoff.

[Buzz]

There isn't a more successful company we could have gone with?

[callmeslick]

There isn't a more successful company we could have gone with?

I'm quite sure they went with several companies, as the total monies spent on 'green' type stimulus was
close to $10 billion overall.

How'd the oatmeal and peaches work out? Sounds pretty good to me, but I prefer apples.

[Wullie]

Well Slick, if you're gonna do all that to your property...surely, you know the costs involved?
How long it will take you to amortize your investment....Hope you live to the ripe old age of 140 to see
that occur....don't forget to include maintenance and degradation into the algorithm....

Doesn't matter, he'll FEEL good.

One good hailstorm and maybe he'll not feel so good about his 10 year investment. Then again, maybe electricity will be SO expensive by then that he'll be another robber baron in system. That is if his buddies don't tax him into a well electrified poor house

Who cares. He's full of shit anyway, maybe he should try some of Buzz's oatmeal.