From Medis, a Hot New Fuel Cell
Finally it's here: a small portable fuel cell that charges cell phones and other mobile devices. Medis Technologies (MDTL) (MDTL), which developed the disposable power source capable of providing multiple recharges to portable electronic devices such as cell phones, MP3 players, and handheld video games, has teamed up with Best Buy (BBY) to market the product. In mid-October, Best Buy, which is now selling a basic version, will start selling the more powerful 24/7 Medis Power Pack that can charge smartphones, such as the iPhone (AAPL) and BlackBerry (RIMM), for $49.99. BlackRock (BLK), the largest publicly traded U.S. asset manager, is Medis' biggest shareholder, with a 20% stake. Israel Aerospace Industries owns 12%.
Researcher MatrixUSA, which rates Medis a buy, says the stock is undervalued. It hit a high of 10.29 on Apr. 21 but plunged by Sept. 17 to a low of 1.97.
Unless otherwise noted, neither the sources cited in Inside Wall Street nor their firms hold positions in the stocks under discussion. Similarly, they have no investment banking or other financial relationships with them.
Marcial writes the Inside Wall Street column for BusinessWeek. In 2008, FT Press published the book Gene Marcial's 7 Commandments of Stock Investing.
—Gene Marcial
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