Paul,
I agree with your assessment 100%. I, too, am using this opportunity to aquire a larger position in TTRIF. If the price goes down any more, to me it is just going on sale. In my mind, there is no question Thermo Tech will do well. The only question is how quickly will they grow. Patience will be tested, but should be very well rewarded. By year end, Thermo Tech should have 3 plants in operation, have 5 others in various stages of construction, and with announcements of new plants sites, new technologies, licensing agreements, or other announcements, I believe we'll see your $4-5 stock price.
I hate to be repetitive, but any time I start feeling impatient with Thermo Tech, I look at the upside/downside potential for the company. Briefly.....
Downside:
** New plant construction is continuously delayed. There is only a modest increase in profitability and the stock price stagnates.
Upside:
** Agreements continue to be signed with various cities throughout the world; plant installations grow.
** Thermo/Canadian Waste Exchange grows with the advent of increasingly tougher recycling legislation.
** Licensing agreements are signed with major companies for use of Thermo Tech's patented process, providing a stream of high margin royalty revenues.
** Enzyme extraction becomes a reality.
The potential for increase FAR outweigh's the potential for loss!
I hope things work out for you with the road show. I will be very interested to hear your impressions. And with Gary going to visit one of the plants in September, hopefully we'll be able to get some more good information.
(By the way, what do you like to hunt?)
Rgds,
--Wayne-- |
