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Microcap & Penny Stocks : Insituform East (INEI)

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To: leigh aulper who wrote ()2/19/1999 9:54:00 PM
From: Jon Koplik   of 4
 
Imagine my surprise upon hearing that these Insituform companies are still around.

I was working on Wall Street as long ago as 1980; and lots of people (then) were talking about the Insituform stocks as being the best things since sliced bread.

I was interested enough to obtain an annual report.

My understanding was that pretty much every water main in crumbling infrastructure cities would be forced to "do" the Insituform thing.

I have no interest in the stock(s), but am curious (if you want to spend the time) -- what happened with this seemingly great solution to a big problem ?

Jon.
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