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Gold/Mining/Energy : Thermal Control Technologies Corp TCT (was Redux Energy)

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To: bill still who wrote (456)7/7/1998 6:29:00 PM
From: Edward W. Richmond  Read Replies (1) of 1208
 
Bill, I am back and disappointed. Brazil knocked out Holland in the shootout.
I did a considerable amount of due diligence before I purchased Redux, now TCT. Sales are growing and the company is making a profit. Q4 and the annual report will give the whole story. However, I don't see that the fundamentals that were in place when I purchased TCT have changed. Therefore, I'm happily holding my position, regardless of the stock price disappointments over the shorter term.
I think the plant in Prescott is probably a brilliant strategic move. The cost of labour, construction, taxes, licence fees etc. make Arizona a very business friendly place to be. Also, it is located in the USA which could be positive for sales south of the border. No shipping across the line problems etc.
I am reasonably happy with the business decisions of the company and I do expect the stock price to reflect the real value of the company.
Regards, Ed
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