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Looks like it is at the bottom of the chart, probably a good time to load up. This stock has a very low amt of outstanding shares, should take a hole lot to get it to run.
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Company Overview and Operation Results give good information. This one appears to have some potential in the tire recycling business. Numbers are not too bad. They are beginning a new type of operation which might prove profitable.
Mixed bag on profit and losses. NECX appears to a stable company with a good business plan.
Just now starting to research. Let me know your opinions on this one.
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I am still actively researching this company. For now, this one might prove to be a long term slow growth stock.
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I should add, there is enough positives about this company, I have suggested to friends they buy a very small stake in this company, not more than 10,000 shares, for now.
I will post more on this, probably over this weekend; I am still chasing down information.
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purl, will try to look into NECX over the weekend. been too busy to follow markets this week, but maybe that's for the best considering how red everything looks lately!
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did finally get to read the 10Q. is a pretty interesting company - the thermal gasifier technology. they describe in the Q as converting:
"industrial and commercial waste, biomass, tires and any other solid, hydrocarbon-based materials into economical clean thermal and electrical energy".
i wonder what % of what they burn is tires?
obvious similar company of interest is IESV, they look to share some of the same pros and cons. i like IESV as well, but i have to admit: i seriously wonder about either of these companies can ever make any money, even with energy at these elevated prices. both IESV and NECX are keeping their losses relatively mild and in the start-up phase, though IESV's balance sheet is prettier than NECX's.
obviously, i could well be wrong. but - if pressed for a guess, i'd guess that energy prices would have to make another 25% or so jump for these alternative energy source companies to really start turning in some seriously good numbers. as such, both IESV and NECX strike me as good long-term (as in: 5 to 10 years, possibly more) holds if you are a believer that energy prices are going to continue to go up and that eventually more "green" energy sources will become economically viable. profits won't come quickly though, so - patience and a willing to simply hold indefinitely would be required for holders of either company.
personally, i kind of like IESV's "idea" a little better: it makes more sense to me. set up in areas where there's a ton of cow poop, and supply energy locally. but - i admit that NECX i'm a little fuzzier about the exact process that goes on. IESV has nice pics on their webpage so i can visualize it better. i'll look into NECX a little more. both are certainly interesting, and my personal approach to them (which of course may well be wrong) would be: they make sense as very small speculations that one holds very long term.
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