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Technology Stocks : Energy Conversion Devices

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To: Futurist who wrote (4243)	12/2/1999 11:22:00 AM
From: Futurist	Read Replies (1) of 8393

On previous occasions I've mentioned another environmental company that I invest in, Trigen (TGN). Trigen is in the co-generation and bio-mass energy busiesses. Their chairman spoke at the same event where Clinton was given a US Solar shingle. Trigen is 52% owned by Suez Lyonnaise a huge French company with many interests. S-L recently offered to buy all of TGN's outstanding shares for $22.50. Due to a pre-existing arrangement which gave the founder (Thomas Casten) a right to come back with a different price based on the analysis of some sort of independent group, TGN was able to reject S-L's offer as too low. S-L withdrew the offer and TGN's shares have fallen back into the high teen from somewhere around $23.50. I just listened to the audio clip posted on TGN's website describing why the offer was rejected and the current state of the business, and it's quite an impressive story. Knowing of the interests that the members of this board have in environmental companies, I think you might find TGN worth a look, particularly at these prices. (Unlike my favorite company, ECD, Trigen has a long history of solid money-making quarters and is signing some very large new contracts!)

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