PDGE Waste Management 78% up in 2 days. Why ????? Message Board

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Microcap & Penny Stocks : PDGE Waste Management 78% up in 2 days. Why ?????

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To: danjo who wrote (47)	2/28/1998 10:28:00 AM
From: Frank J. Zecha	Read Replies (1) of 132

NLIN'S LOW-PRICED STOCK PICK FOR '98 PDG ENVIRONMENTAL, INC. PDGE - OTC:BB - 1 1/2 As the sixth largest asbestos abatement contractor in the U.S. and the third largest one publicly traded, PDGE is a major turnaround special situation primarily engaged in providing asbestos abatement to commercial, industrial, and public facilities. After hemorrhaging for seven consecutive quarters, sending its stock from a high of 7 in '91 to 3/8 last year, PDGE has returned to profitability reporting its fifth consecutive profitable quarter and should report between .12-.15 per share for the current FY. The asbestos abatement industry is a $3.5 billion industry and the recent robust economy is causing the corporate and real estate sectors, the core of PDGE's business, to accelerate their clean-up activity. PDGE was recently awarded multi-million dollar contracts propelling its backlog to a record $30 mil.. Revenues for the 3Q increased 54% to $6.2 mil. with net income vaulting 750% or .05 per share vs .01 for the same period in the prior year. For the 1st 9 mos. ended October 31, 1997, revenues increased 39% with net income surging to .10 per share vs a loss of (.05) for the same period in the prior year. Due to steadily improved profitability with rising cash flow, PDGE's financial position improves significantly quarter by quarter and management is aggressively reviewing several acquisition candidates, which will fuel further growth. The stock came off a multi-year bottom and is in a well-defined uptrend and we believe that the enormous upside potential outweighs any minimal downside risk, especially since it's anticipated that PDGE could easily earn .25-.30 for the coming year propelling the stock up into the 6-7 area. View Replies to this Message PDGE Quote

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