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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (123938)	7/29/2010 3:34:39 PM
From: No Mo Mo	Read Replies (1) \| Respond to of 132070

Be nice if these days you could buy a stock like that and put it in your stash box for two or three decades.

To: Knighty Tin who wrote (123938)	7/29/2010 5:05:02 PM
From: GuinnessGuy	Read Replies (1) \| Respond to of 132070

Mike, Well, one out of two isn't bad any day of the week. It's impossible so far to find prices going back to the late sixties on MDT but it looks like a minimum of a 180 bagger and that's if you bought in 1977, or ten years later than you did. I don't think I ever mentioned this sector here before, but one I really like LOOOOONG term is the geothermal area. Unfortunately though, it seems that all the players(except one) are super small and despite having names like Nevada Geothermal and US Geothermal, they all seem to be Canadian chartered but run out of the USA. Not sure I trust Canadian stocks as so many have ended up in the toilet, especially natural resource related stocks - which I guess these are. There is a sizable one by the name of Ormat(ORA), but they are essentially an Israeli company. And I've been burned there twice. They are the 800 lb gorilla in that geothermal game though. And their stock is in the toilet after they got into some legal hot water - which is not the kind of hot water they are supposed to be mining. <G> There's a major buyback going on now so who knows. Anyway, you mentioned liking green so I thought I'd bring this sector up as I think it had tremendous long term potential. Google.org is into it, as well as Sec'y Chu, so it has some nice friends. Unfortunately, the oil companies don't seem to give a wit about it, with the possible exception of Chevron. The fact that there have been tremendous finds of natural gas both here and in Israel isn't the best news for the sector either. But it is carbon neutral, and there aren't any NOx emissions. What's so striking about this resource is that it is basically infinite and constant(unlike wind and solar). On the downside, it may be necessary to re-invent drilling technology to get to a lot of these resources in a economical way. On the other hand, there's enough cheap geothermal energy in Yellowstone Park to power the whole of the USA. Recently, I was surprised to learn that Yellowstone has more geysers, mudpots, fumaroles, etc, than anywhere else in the world combined. I guess I'll stop here, but you might want to look into it. ORA is back down to where I picked up a pittance about 15 months ago so maybe it's a good play now. craig