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Energy Recovery IPO Analysis: A Buy at the Right Price

Based on 0.02 per share income last quarter, the PE ratio is 125. the stock price has to come down to $5 or below before it is worthwhile buy. The product belong to high capital investment item. Its quarterly income stream could fluctuate wildly and unreliable. When a revenue growth drop to negative number in one quarter, the stock price would drop precipitously. No need to purchase the stocks at this time.