Index of Stock Recommendation
Friday, March 20, 2009
Energy Solutions (ES) The Nuclear Option
Energy Solutions is a specialized technology based nuclear services company providing its customers a full range of integrated services and solutions including nuclear operations, characterization, decomissioning, decontamination, site closure, transportation, nuclear material management, processing, recycling and disposal of nuclear waste, research and engineering services across the nuclear fuel cycle.
The company is a 1.7 Billion dollar revenue company with current market capitalization of 697 million. Company has 5500 employees worldwide including 1100 scientists and engineers and has 175 patents to its credit.
The company is the largest transporter of radioactive material in united states. ES has also been operating the world's largest low level radioactive waste (LLRW) disposal site.
52 week high is 27.42 USD and 52 week low is 3.35USD. Recent purchases has been done at around USD 6 by insiders. There has been a recent ruling in favour of the company where ES Clive radioactive disposal site is not a regional disposal facility and not under the jurisdiction of "Northwest compact" (Agreement between a group of states to share common LLRW disposal facility.
Company website: http://www.energysolutions.com/ & http://envirocareutah.com/
Considering the facilities under its management and recent ruling the stock is posed to tread back to USD 20+ level and definitely a recession proof industry. Worth investing at CMP 7.97 USD levels.
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