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  • Strategic Growth Plan Positions Methes Energies (MEIL) For Potentially Huge Payoff, Says Seeking Alpha Contributor 0 comments
    Dec 18, 2013 5:30 PM | about stocks: MEIL

    Before they were industry behemoths recognizable on a global scale, Apple, Microsoft, and Caterpillar were start-ups. As Seeking Alpha contributor John Mylant notes in a recent article, finding and investing in emerging companies in a "transition phase" toward achieving similarly profound potential is an "art."

    Mylant points to renewable energy company Methes Energies as one such target. To read the full article visit seekingalpha.com/article/1905011.

    Among factors of interest is Methes' recently commissioned 13MGY facility in Sombra, Ontario, where the company plans to produce more biodiesel fuel and improve efficiency and quality. Methes' first step toward reaching these objectives, as Mylant points out, was to refinance its debt at half the cost.

    "In July of this year, the company made a significant move in debt refinancing. In June 2012, the company had a loan at an interest rate of 23%. The refinancing of the $1.6 million CDN loan was done through a local facility in Ontario at 12%. This frees up thousands of dollars per month, allowing the company to strategically invest in its growth strategy," he writes.

    In October, Methes recorded record shipment of 485,000 gallons of biodiesel fuel from its new production facility. If it maintains this pace the company will produce as much biodiesel in the fourth quarter of 2013 as it did in the entire year of 2012.

    "These numbers are a good start and in their exactly what I want to see when I am looking for a company I believe is going to be able to grow in value for me," says Mylant.

    The article also discusses biofuel mandates, interest in Methes' biodiesel processors, and the company's recent letter of intent to acquire OTC Energy Technologies, Inc.

    In conclusion, Mylant recaps Methes financial position and writes, "I would expect to see gross profits continue to increase substantially from now on with the commissioning of the plant in Ontario. The company also believes that it will double production without having to spend too much on investments.

    "These moves point out to me it's a good time to invest in this company, as revenues should be substantially higher over the next few years."

    For more information, visit methes.com

    MissionIR provides investor relations services to publicly traded companies in exchange for compensation. This article may be part of our efforts to widen a client's exposure. To read our full disclaimer, visit http://disclaimer.missionir.com

    Stocks: MEIL
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