Much has been written about the long thesis of Energy Recovery Inc. (NASDAQ:ERII). Readers are encouraged to browse through previous Seeking Alpha articles regarding why ERII is a great investment. My main objective here is to provide some short-term and intermediate-term outlook. More specifically, I'm here to explain why investors have reasons to expect stronger stock performance later this year and into 2015.
Rocky Start Of Year
January is shaping up to be a very rocky month for ERII investors. The stock started the year at the $5.5 level and traded at $4.05 to close last week. The sell-off accelerated in the past four sessions, causing the price to drop precipitously from near $5 all the way down...
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