Hi Ray,
I was wondering when someone would post here. Evidenced by the number of posts, this has not been a widely followed stock.
I came accross IFTI over a year ago when I was researching a number of issues. I liked what they do and thought it could be a very good long term investment. There installed process in oil refineries can pay for itself in savings in a relatively short time. They have little competition for what they do. As each installation can cost a company around $1 million, their biggest challange is in convincing potential clients that they have an indispensible product. This, hopefully, will be self-perpetuating as sales, and trials, expand.
The potential for application of their process is very large. It is interesting to see them find other markets, i.e. breweries, for their process. Do some research, read their news releases and I believe you will also find IFTI attractive.
As far as current stock price goes, I have mixed feelings. As I stated in an earlier post, the price has tended to make big moves up and down, generally over an extended peiod of time. Recently, it has moved up significantly on relatively low volume (also, not unusual for this stock). My guess is that, since good news was released recently and earnings have just been released, the upward pressure will slacken off.
Earnings were basically flat compared to last year. There has been over a 100% price gain over the past month or so. I would expect some profit taking - which could last for several months. I have no crystal ball, but a drop of a point or two from this level would not surprise me. They could also announce some major new contracts next week and the price could jump to over 10. My guess, though, is that if you wait a little while, you can buy at a more attractive price.
These are just my opinions. Thanks for asking!
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