pesi 2.68 +0.40, in the toxic cleanup business. positive income statement and might get work from hurricane katrina aftermath. what you think? also others to consider in the segment wsii 3.35 -0.08 and mpwg 2.27 +0.28. which one looks best to you?
I am in PESI at 2.11, MPWG in at 2.20 and looking to get into BEL tomorrow. WSII - bad management, poor balance sheet - could get some action with hurricane, but may be last in pack to lead.
good luck.
SAFFEY
Rita, another pontential Monster Hurricane is going to make its way through the Gulf of Mexico and devastate somewhere sometime next week.. just bought some PESI at $2.49
PESI today reported record yearly revenues and net income for 2005.
Earnings Highlights:
* Revenue increased by 10.2% to $91M in 2005 from $$88M in 2004.
* 2005 Net Income was a Record $3.6 million 8c/share vs a Loss of $19.6 million or 48c/share in 2004.
http://biz.yahoo.com/prnews/060307/fltu008.html?.v=45
In addition, PESI announced today that it has been awarded a $9.4 million subcontract to remove and treat approximately 180 cubic meters of U.S. Department of Energy (DOE) special process waste from the DOE Portsmouth Gaseous Diffusion Plant located in Piketon, Ohio.
http://biz.yahoo.com/prnews/060307/fltu007.html?.v=44
PESI is an environmental/waste treatment with a growing position in the treatment of nuclear waste in the comercial and defense industries due to unique patented processes
This nuclear-waste treatment sector is undergoing aggressive consolidation because this sector is huge and recently estimated to be at least $7Billion dollars. This is because of increased use of cheap nuclear energy to generate electricity compared to oil and gas.
Competitor Duratek (DRTK) was recently acquired for 2X revenues. Should PESI be sold, it would fetch about $4/share.
http://biz.yahoo.com/bizj/060207/1225348.html?.v=4
Regardless of whether or not PESI is ever acquired, the major improvement accomplished in 2005 and the new rich comntract announced today, position PESI in a strong position for 2006 and beyond.
Institutions have been accumulating PESI shares heavily in recent months:
http://moneycentral.msn.com/investor...sp?Symbol=pesi
Insiders also keep increasing their position in PESI:
http://www.secform4.com/insider/show...y.php?cik=pesi
PESI is currently trading at a low P/S ratio of 0.8. I believe that there is a lot of upside for this stock...short and long term.
The company will conduct a CC at 11AM Eastern Time to discuss these results and to give us a preview for 2006.
ABOUT PESI:
Perma-Fix Environmental Services, Inc. (nasdaq: PESI) is a national environmental services company, providing unique mixed waste and industrial waste management services. The Nuclear Segment provides radioactive and mixed waste treatment services to hospitals, research laboratories and institutions, numerous federal agencies including the Departments of Energy and Defense and nuclear utilities. The Industrial Segment provides hazardous and non-hazardous waste treatment services for a diverse group of customers including Fortune 500 companies, numerous federal, state and local agencies and thousands of smaller clients. The company operates eleven major waste treatment facilities across the country.
Nice earnings and huge DOE contract for PESI today. Cheack it out.
2006 will be a great year for PESI
3 magics weekly & daily scale ;)
My pick for the 6th Edition Contest ;)
1. My Pick: ** (PESI) Perma-Fix Environmental Services Inc. **
2. Reason: PESI's income statement is consistently increasing year over year, The Company's balance sheet also improving since 2002. And this first quarter of 2006 Perma-Fix Environmental Services Inc. has reported its best first quarter in company history.
The technicals looks also very good, as you can see we got BIG white candle for Friday's session I hope for pullback to the middle of white marubozu on Monday opening for better entry price for the contest.
The first chart we got an Ascending Triangle breakout & the second chart is looks to be a 2.5 years Symmetrical Triangle pattern. & last but not the least one of my favorite, I also considered this as a sign of fast uptrend "The Three Magic" (50sma, 200sma, 200ema clustering together – weekly & daily scale) in other words all the moving average for PESI are below the price so there is not much pressure there, First it needs to break the resistance below $3 before facing the major resistance around $3.75 ... time will tell ;)
P.S. I will pick up PESI just above the support area @ 2.20 if it goes down there, around 2.20 - 2.40 should be a good entry point for the pullback. ;)
3. Chart:
Great chart! wish me luck on this one ;)
I want pullback for this stock.... I'm setting up a limit order for tomorrow @ 2.37 ;)
I will be riding your coattails on this one Terliso. In at 2.35. Good luck.
Terliso, what are you using for a stop loss?
Quote from: bmarc4211 on July 10, 2006, 04:18:05 PM
Terliso, what are you using for a stop loss?
I will not use stop for now or maybe not, Because If you misses the weekly chart 50sma or 9sma if you prefer... I firmly believed when a
stock that just broke above 200sma & 200ema & if the 9sma follows to crossed above those 2 moving averages on
weekly chart with good volume.... there is always a BIG chance that the stock will continue to rise in the medium term & possibly for Long-term if the company recently reported a good earnings. The only thing is hard is to sit on your shares & to be patience... ;)
Here is the PESI chart and some perfect example, good luck!! ;)
CXTI, FRPT, GV, HOM, PTSC & USEY
GV, HOM
PTSC & USEY
There is some more example & a lot of them ;)
JAVO, BOOM, NTRI, EGY
I just stumbled another example, in my filter tonight JADE ;)
-Qoute from PMTR thread-Quote from: nullzero on July 12, 2006, 02:22:54 PM
nice pick terliso! The majority of your picks have been going up I got to follow them more closely! I keep mising out.
Watch PESI nullzero... I think there is more room to grow on this one ;)
Good luck!!
This thing looks tough ;)
Bounced from the trendline & still sitting @ high of the day :D
anyone still holding? any thoughts?
Terliso are you planning on holding thru earnings. They are scheduled for Tues Aug 1st.
I don't hold thru earnings... I will sell PESI this week
though the price still holding the support area but the volume is very very low :( :(
There is some action going on with PESI, it's getting back on the track ;)
Still looking good ;)
Didn't PESI warn that they would have a big charge this quarter?. I believe due to an acquisition or maybe a sale of some non-performing division?
My guess is that PESI will dip under $2 after earnings. Long-term PESI woud be OK since nuclear waste treatment is on the upswing as a result of high crude prices.