Special situations, growth at reasonable price, contrarian, tech

Energy Recovery: Is Silence Golden?

Energy Recovery (NASDAQ:ERII) has just released the best quarterly results in the company's history, swinging to a quarterly profit and soundly beating estimates on both the top and bottom lines. I had predicted that the report would be a breakout event in my article (now available only to Pro Subscribers) dated Dec. 3, 2013, when the stock was still below $5 per share. Some analysts found it vexing that management pulled guidance and blocked their attempts to work around that decision on the associated earnings call. However, I believe that the unquantified guidance that was given on the call is more than enough for disciplined long-term investors to go on, and that what management is NOT saying...

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