I was hopeful that Blackstone would have inculcated more long lasting risk management frameworks, as well as financial discipline and controls in the company when it was under their control pre-IPO.
But the management clearly still has work to do in a number of areas (for me the main areas are managing working capital days, forward looking projections and planning, and client concentration).
I am still a fan of the company, but I am not expecting short term fireworks. Back when I started this thread, I thought that quarterly electrolyzer production would have climbed to 200-300 by now. Oh well.
| Subscribe To Our Free Newsletter |
