thak

Fuel Tech, or 'Fool's Tech'? Valuation Suggests the Latter

A very interesting overview of FTEK/FuelChem. It made me think more about my own FTEK holdings and do a little bit of my own DD. The picture is not at all clear for me, particularly since small cap growth can happen (or not happen) unexpectedly. I can see why this author is on the short side. While it appears to me that the FuelChem business is primed to acheive 20% growth for 08, I am have a hard time seeing growth of 40%+, particularly considering this past year performance. So, today I sold 1/3rd of my holdings. I, for one, will wait a bit more for the much promised 4th quarter contract announcements (or lack thereof) before I divest the other 2/3rds.