Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Haim R. Branisteanu who wrote (72909)	3/18/2010 10:28:04 AM
From: Snowshoe	Read Replies (1) of 74559

Haim, please take your mind off those retsina-sipping Greeks for a moment and help me out with something... What do you think of Ormat Technologies (ORA) here? It's the US subsidiary of Israeli geothermal-energy company Ormat Industries (ORMT.TA). ORA has been beaten down along with the other alternate energy stocks, and now has some accounting restatements that are prompting class action lawsuits. Looks like it's catching a bid here so I'm tempted to pick up a few shares... Ormat swings to profit, and gets sued for past results haaretz.com

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