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Harris L. Berenholz, CFA
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I like analyzing stocks, especially small caps and micro caps. My firm, Carpe Diem Advisors, LLC provides investment ideas, research and analytical services. Before establishing my firm I was (for 18 years) a Managing Director of Invemed Associates LLC, a New York Stock Exchange member firm,... More
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  • Good financial and business news at International Fuel($IFUE)

    In our past comments we’ve emphasized  that  introducing a disruptive technology in any industry has its roadblocks, including skepticism and resistance to change. But IFUE has persevered and the order flow is building momentum in a number of different industries and geographic markets. Patent protection, time and experience  have provided the company with a  competitive edge in its quest to commercialize its breakthrough diesel fuel additives.

     

    IFUE recently announced the closing of a $1 million private equity  deal , which may be the first tranche of a financing. This is especially timely considering the little cash on hand as of June 30th. Furthermore,  it is a “clean” deal that was struck  at the then-prevailing market price of the stock.

    Using distributors to expand business is a key part of the International Fuel strategy. The commercialization of International Fuel’s technology in both Western and Eastern Europe is now accelerating at a rapid pace.

    Last week, for example,  the  Czech Republic bio-diesel manufacturer PREOL made a repeat purchase of IFT’s PerfoLiFTTM BD-8 through IFT’s distribution partner Nordmann Rassmann . PREOL, a private company is the largest Czech Republic producer of bio-diesel with current annual capacity of over 100,000 metric tons.

     

    We expect IFUE’s  incoming order flow, already well under way , to accelerate. In the UK rail industry, for example, it’s taken six years of research, laboratory testing and 8 million miles of field testing before IFUE’s entered  the market. Next month should witness another  business milestone event, when the data is  scheduled to be presented to customers and industry trade associations.  

     

    Harris L. Berenholz, CFA

     

    Disclosure: I own IFUE shares

    Aug 16 3:16 PM | Link | Comment!
  • Assets Under Management continue to grow at The Wisdom Tree ($WETF)

    As I've opined in the past, I think that  one of the purest (and best) investment plays in the growth industry of ETF sponsors and management is Wisdom Tree Investments (NASDAQ:WETF). This company was among five of the top ETFs to again increase its AUM (Assets Under Management)  in the month of July, as is evident from the following data (compiled by National Stock Exchange)--and appears ready to move into the number seven slot.

     

     

     

     

     

     

     

     

    Assets ($Mil)

    By Issuer

    Jul-09

    Jul-10

    Jun-11

    Jul-11

    Products

    Blackrock

    $317,283

    $389,084

    $474,240

    $472,885

    213

    SSgA1

    $159,283

    $199,101

    $259,331

    $266,139

    101

    Vanguard

    $66,411

    $112,925

    $174,750

    $173,888

    64

    Invesco/PowerShares

    $28,899

    $34,638

    $44,142

    $46,187

    114

    ProShares

    $26,193

    $25,074

    $27,152

    $26,314

    122

    Van Eck

    $8,268

    $14,247

    $22,904

    $24,221

    35

    Deutsche Bank2

    $7,784

    $9,804

    $13,265

    $13,732

    21

    Wisdom Tree

    $4,524

    $6,750

    $12,934

    $13,322

    47

     

     

    2011 Highlights To Date:

     

    ·       Already surpassed the $3.3 billion of asset inflows it experienced in full year 2010

     

    ·       Launch of the two of the industry’s most successful ETFs in the first half of this year, according to InvestmentNews

     

    ·       Listing of the stock on the NASDAQ Global Market

     

    ·       A strong balance sheet with $24.6 million in cash and equivalents and no long- term debt

     

    ·       Profitable operations even on a GAAP reporting basis

     

     

     

     Harris L. Berenholz,CFA

     

    Disclosure: I own WETF shares


     

    Aug 02 8:11 PM | Link | Comment!
  • The order flow at International Fuel ($IFUE) is accelerating.

    The distribution agreements that International Fuel (NYSE:IFT) inked over the last few weeks to facilitate the commercialization of its breakthrough technology diesel fuel additives is already bearing fruit.

    Late in July, Romanian rail operator Regiotrans SRL signed a memorandum of understanding with IFT to begin a formal field validation process to confirm the fuel economy benefits of DiesoLiFTTM 10. A division of IFT distribution partner Nordmann Rassmann will help manage and oversee the field validation process.

    Of even greater importance is the announcement that Brazilian bio-diesel manufacturer Bio Capital, made its first purchase of IFT’s PerfoLiFTTM BD-7 through IFT distribution partner Next Group Brazil. This is one of the company’s fuel additive formulations that provide superior oxidation stability and deposit formation control especially to bio-diesel made from animal fat.

    In our past comments on the company we’ve noted that patent protection, time and experience give IFT a competitive edge. In the UK rail industry, for example, it’s taken six years of research, laboratory testing and 8 million miles of field testing before entering the market.
     
    Introducing a disruptive technology in any industry has its roadblocks, including skepticism and resistance to change. But the company has persevered and the order flow is building momentum in a number of different industries and geographic markets. I expect to see more announcements in the weeks and months ahead.

     

    Harris L. Berenholz, CFA

    Disclosure: I own IFUE shares

     

    Aug 02 5:43 PM | Link | Comment!
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