Jacob Steinberg
Long only, deep value, growth at reasonable price, carmakers

Can Echelon Double?

Echelon Corporation (NASDAQ:ELON) produces, markets and maintains multi-application energy control networking platforms. Currently, 100 million devices and 35 million homes utilize Echelon's technology. The company contributes greatly to smart buildings and smart cities projects as its products reduce energy usage by more than 20%. Can this innovative company's market value double?

Echelon's current market value is exactly $100 million. In the last 10 years, the company's market value ranged from $89 million to $1.27 billion. As you can tell, the company's investors have seen a lot of volatility and many of them lost a lot of money by investing in this company. In fact, between 2003 and 2013, Echelon's share price has depreciated by 83%. The company could...

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