Chris Bunge
Hedge fund analyst, long/short equity

Energy Recovery, Inc.: Inflection Point Is Here

Energy Recover, Inc. (NASDAQ:ERII) reported today (03/06/14) a blowout quarter and gave superb guidance moving forward. In the call, the company unveiled many major new initiatives in their oil & gas division which they intentionally kept a low profile during 2013. The company's intentional low key approach repeatedly left many investors and analysts sour on the company. In fact, over the past five years, ERII has had a history of trying to provide guidance to analysts and investors, only for management to realize that they needed to focus on building their business and not on trying meet short term sales and profit forecasts. Although management has not given guidance, they did say that they anticipate meaningful orders from...

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