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Investing

Polypore Woes Continue, May Get Worse (PPO)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Polypore International Inc. (NYSE: PPO) is not finding any love by traders and investors after its day in the ringer.  Shares looked like they were trying to bounce after a 30% loss on Tuesday.  Shares closed at $38.08 on Tuesday and the 52-week range is $36.60 to $74.21. This stock was at $54.34 on Monday before the news that LG Chemical is planning its own separator plant, a move in which a customer will now effectively become a competitor.  At this point it does not really matter that the company issued a statement saying that it is confident in the premises used to justify lithium battery separator capacity expansions associated with demand for electric drive vehicles. Now comes word this morning that Wunderlich Securities has issued a new rating, down at SELL on the stock.  This one was trying to bounce earlier this morning but that sell rating seems to have muted some day trader hopes for a trading bounce.

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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