Environmental Waste International Inc.: Tire Business, Amazing Technology

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About: Environmental Waste International Inc. (YEWTF)
by: Ramy Taraboulsi, CFA
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Ramy Taraboulsi, CFA
Long/Short Equity, Special Situations, Growth, Contrarian
Summary

Environmental Waste International ("EWI") is an innovative company that focuses on recycling waste rubber (primarily tires), into its base components, carbon black, oil, steel and hydrocarbon gases.

EWI's technology is unique and superior to other technologies in using microwaves for processing the tires; no other tire recycling company uses this proprietary technology.

In August, EWI had a breakthrough by signing an exclusive deal for deploying its technology across Europe with the Danish company, WindSpace.

In August, the company also received environmental government approval for commercial operation of its Sault Ste. Marie, Ontario plant.

Based on my preliminary analysis that uses conservative estimates, the Company’s discounted cash flow indicates a capitalization 10 times higher than the current capitalization.

Why am I now looking at a penny stock?

After I sold my previous company, SyncBASE/OPTRACK about five years ago, I was released from the restriction of trading shares of my public clients. Environmental Waste