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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (42469)	4/29/2011 1:56:27 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78550

re GFRE >> But GFRE is really a much different company than great lakes. great lakes has finished product they can stock on their shelves, i think they actually contract to purchase their bromine from someonelse like a gfre. now the bromine is extracted and sent to the purchaser directly. I am speculating that if they dont have a purchase order they dont extract the stuff because it is so volatile,<< GFRE answer that the customers pick up their product themselves (this was regarding shipping cost) is laughable. This would imply that all their customers are located near GFRE, which does not match with GFRE claim that they are one of the largest producers of bromine China. GFRE's bromine is produced by separating the element from low concentration water well. the claim that it can be produced efficiently "on demand" only is laughable. Everybody who has has seen chemical plants of considerable size knows that this stuff needs to be run continuously, preferable 24/7. There has to be intermediates and storage and hence inventory. I think the Glaucus research is a pretty damning peace and the auditors and Fidelity will look very stupid. My bet is that some of those people will have to look into a career change.