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Strategies & Market Trends : Value Investing

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From: gcrispin1/30/2019 7:13:36 PM
2 Recommendations

Recommended By
apatel1
Lance Bredvold

  Read Replies (1) of 78919
 
I have built a position in PESI. It is a micro-cap and trades irregularly, but it is in the field of radiation remediation that has high barriers of entry. Here are some articles regarding what they do.

forbes.com

energy.gov

The company was recently awarded a contract for phase 2.

finance.yahoo.com

Other than the Hanford Test Bed Initiative, the company now has a treatment option for sodium contaminated wastes.

finance.yahoo.com

An article regarding sodium contaminated radioactive waste.

latimes.com

A quote from the fourth quarter Q&A in 2017 from the CEO

"And when we finish this deal with Veolia and are treating sodium, that'll be the only sodium treatment capability in the country. And there's a lot of sodium out there. So there's a lot of opportunities associated with that."

Company has a fairly new CEO who has been aggressive in positioning the company into other areas. Also, he is closing down a facility to cut costs. You can read the CC transcripts on Seeking Alpha.

There have been small but continual purchases by the CEO and former CEO who is the largest shareholder in management.

nasdaq.com

Probably not for everyone, especially regarding the small float, but the company is starting to operate in remediation where there are large opportunities.

Heartland Advisors is the largest institutional holder of the stock and frequently participates in the Q&A sessions on the conference calls.
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