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Technology Stocks : Research Frontiers (REFR)
REFR 1.06-1.9%11:13 AM ESTNews

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To: DashernComet who wrote (20632)9/12/2017 7:37:45 AM
From: davegreen1 Recommendation

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DashernComet

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Good points DC. I believe the latest short interest report will be released after the market close today. My guess is we'll have an increase off the relatively low 850K you've noted. Then we'll hear the cheering from the one long you've mentioned. However, as I've said ad nauseam, we'll remain in the range (1MM plus/minus 150K or so) that we've been in for years. In other words, since that short interest position was established those many years ago, shorts have purchased as many shares as they've sold. Furthermore, for those believing in supply and demand anyway, they've had no impact on the share price.

While the obvious issue with the stock price is company performance (not the shorts), I do believe that the shorts will be around for as long as REFR remains in existence. As I believe KP pointed out, shorts even persist at a company like Apple, where they've been obliterated recently, and for the most part over the last 10 years. Unlike Apple though, the shorts here will continue to win until REFR reports sustainable revenue and profitability. We've all seen how successful management has been in that regard.

And where will the revenue come from?

Architecture will obviously remain a niche industry at least in the short to medium term. Way too expensive and the modest energy savings will never pay back. Do the math on your own home just to understand one simple example. Also, think about the supply chain needed to get the glass to the thousands of builders using it. Good luck with that. And that's without even mentioning the fact that there are numerous window sizes/dimensions - as opposed to a one or even a few fits all.

Aviation - will not make it into the high volume commercial market (Airbus or Boeing) any time soon if at all. Those manufacturers have a 10,000 jet backlog on the two most likely and highest volume jets. Airbus doesn't seem interested. Boeing has apparently looked at SPD for over a decade now...

Auto seems the most likely, but the time required to get the product to market means anything in the short to medium term has to come from Mercedes. That doesn't seem to be working out too well.

My belief is that we'll be needing more cash within the next 12-15 months as opposed to cheering about revenue and positive cash flow.

Meanwhile, the market continues its upward surge to record levels as the longest bull market in history rages on.
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