MAXWELL TECHNOLOGIES INC MXWL
S
February 19, 2019 - 5:48am EST by
member
| 2019 | 2020 | ||||||
| Price: | 4.74 | EPS | 0 | 0 | |||
| Shares Out. (in M): | 46 | P/E | 0 | 0 | |||
| Market Cap (in $M): | 220 | P/FCF | 0 | 0 | |||
| Net Debt (in $M): | -12 | EBIT | 0 | 0 | |||
| TEV (in $M): | 208 | TEV/EBIT | 0 | 0 | |||
| Borrow Cost: | Available 0-15% cost | ||||||
Description
| show sort by |
You are not eligible to view 17 messages. To gain access to more recent message posts signup free for membership.
| # | AUTHOR DATE SUBJECT |
|---|---|
| 49 | |
I'm confused. Why would we use the VWAP? My understanding is that with TSLA below $246 you get .0193 TSLA shares and that's it. | |
| 47 | |
How do you get a 9% discount? It's .0193 TSLA shares at $226 = $4.36 for MXWL. | |
| 45 | |
thanks all for the comments on this; while it caused a decent amount of brain pain i also learnt alot from the unfolding of events here, and as previously mentioned the entrypoint was attractive so... login to read the rest | |
| 40 | |
Since the main driver of this thesis was the idea that TSLA could not get a reg statement past the SEC, I have to cover this now as clearly that belief has been proven wrong.
It... login to read the rest | |
| 38 | |
Hate to be the bearer of bed news but TSLA just filed a prospectus for $600m+ in stock and $1.3b converts. https://www.sec.gov/Archives/edgar/data/1318605/000119312519133824/d733818d424b5.htm | |
| 37 | |
the numbers are horrific (not that we should have expected anything else given they sold HV, their only real business, to raise cash in Dec). revs -33% and -10% GMs. inventories building again. burnt $10mm... login to read the rest | |
| 36 | |
Maxwell results. Wow.
Reports Q1:
Revenue $15.4M vs year-ago $23.0M
Note MXWL announced an agreement to be acquired by Tesla (TSLA) on 4-Feb-19
| |
| 35 | |
so the 10-q has been filed and appended to the latest updated S-4...but the statement is still not deemed effective. we are now really getting down to it. the last extension (the one to May15)... login to read the rest | |
| 34 | |
So the GC, Mr Chang, confirmed that consultations with the SEC were the delay for the transaction but that they expected to close 'on track' (of course this is the 4th extension so I guess... login to read the rest | |
| 33 | |
why would TSLA go through this hassle if they never wanted to own MXWL?
to find out if they could get an S-4 through the SEC or not, as has been discussed ad nauseam. clearly there... login to read the rest | |
| 31 | |
the idea that TSLA was ever actually motivated to buy them for commercial reasons is laughable - they didnt even put out a presser announcing the transaction, for goodness' sake, and to my knowledge have... login to read the rest | |
| 30 | |
yes exactly - and even being extremely generous with giving them the benefit of the doubt, the conspiracy theory makes by far the most sense at this point. my writeup dealt with many reasons why... login to read the rest | |
| 28 | |
Roark - I am not a merger expert (surely someone here is, and can answer this definitively), but I believe once tendered you may be restricted from trading, depending on how you hold your shares.... login to read the rest | |
| 25 | |
This is now the third extension of the TO. The prior extentions of the TO have been for a couple of weeks. This time TSLA/MXWL are extending the TO an extra month.
The SEC has still not... login to read the rest | |
| 23 | |
...this time to may15...Ie a date by which TSLA will have filed their 10-q. If there were any remaining believers that TSLA could get a statement registered with the Sec, they should be dissipating. This... login to read the rest | |
| 20 | |
Going by past extensions, wouldn't they have extended the deadline at this point | |
| 19 | |
no changes of significance. i think the move in mxwl is purely related to the (insane but short covering driven) rally in TSLA shares | |
| 18 | |
I can't seem to use the edit function. Is it the fact that they haven't extended the deadline what people are focusing on? | |
| 17 | |
Tesla attached the amendments to the ABL from early March and the Shanghai gigafactory loan documents to the merger proxy. I don't see any changes in the language of the new S-4.
https://www.sec.gov/Archives/edgar/data/1318605/000119312519095913/d625340dex1068.htm
https://www.sec.gov/Archives/edgar/data/1318605/000119312519095913/d625340dex1069.htm | |
| 16 | |
I don't understand what they are amending, but the stock is up .10 in pre market. | |
| 15 | |
jcoviedo,
I agree with your analysis.
A good example of this (if my memory is correct) regards the final approval of IPO Registration Statement. Under the law, the SEC has 2 weeks (I believe) to accept or... login to read the rest | |
| 14 | |
Tesla is an edge case. I can't recall any other companies of this market cap that openly and publicly defy the SEC and basically contest their authority to regulate.
The better question to ask is, is... login to read the rest | |
| 13 | |
jcoviedo, do you have any examples of the SEC stringing along another company? I am perplexed about what is going on, but the fact that they are making changes seems like progress from Tesla's perspective (I do however | |
| 12 | |
Like any government agency, the SEC can put Tesla and Maxwell through what Elon likely will call "Red Tape Hell" and just endlessly stall the process like the very fine professional bureaucrats they are. Doesn't... login to read the rest | |
| 11 | |
isn't the SEC limited to accepting or rejecting? They cannot make broad pronouncements. This is typical of lots of legal/regulatory decisions. This follows the "case or controversy" restriction on judicial power. The SEC can only... login to read the rest | |
| 10 | |
I could be wrong about this but I think if they wouldn't want to do it altogether (which is the Tesla can't issue equity idea) they wouldn't give opportunities to fix things. | |
| 9 | |
Despite having seen a lot of mergers in my life, I haven't bothered to fully read too many of the documents (acquisitions by large companies with fancy lawyers usually close if shareholders agree and there's... login to read the rest | |
| 8 | |
...and the deal got extended another 10days. still no effectiveness for the reg statement...6 weeks have now passed since the deal was announced. i guess we have to wait to see if anything changes post... login to read the rest | |
| 7 | |
10 day extension to Apr 1. not a huge surprise but clearly they have still not gotten their S-4 deemed effective...
...at the same time as the Model Y unveil was a total dud. Yes the... login to read the rest | |
| 6 | |
because, as the writeup makes clear, this is not just another way to short TSLA. yes you get paid if TSLA stock px craters but you also get paid much more than 5:1 if the... login to read the rest | |