| Title: | Market Investing |
| Moderator: | 2155::michaud |
| Created: | Thu Jan 23 1992 |
| Last Modified: | Thu Jun 05 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 1060 |
| Total number of notes: | 10477 |
Has anyone heard of a firm called Hunter Environmental? They hope to do
business in an area which sounds like it has a lot of promise, but risk
as well. What they do is convert nuclear waste into glass pellets which
are very stable, i.e, not likely to leech out into the surrounding
soil. THe current plan is to bury this converted waste in salt mines in
Texas.
This sounds good, because I know there's a lot of waste from nuclear
power plants, and maybe dismantled weapons, there which nobody knows
how to dispose of. And unlike ocean dumping, it would be possible to
reclaim the waste if a use is ever found for it. They're having
problems now with getting permits on the land in Texas, though.
As a result, the stock has declined from 3 about a year ago to .25
earlier this year, then up to .50, and now all the way down to .08.
Any opinions on this? It could be a chance to get a lot of shares dirt
cheap; then again, it could be a way to lose your money real quickly.
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 700.1 | NOVA::FINNERTY | Sell high, buy low | Fri Mar 18 1994 20:15 | 4 | |
| 700.2 | Bid/asked spread | MARVA1::BUCHMAN | UNIX refugee in a VMS world | Mon Mar 21 1994 14:02 | 3 |
| 700.3 | reasonable expectations? | NOVA::FINNERTY | lies, damned lies, and the CAPM | Mon Mar 21 1994 14:34 | 14 |
| 700.4 | Ticker Symble/Market | WFOV12::CERVONE | Tue Mar 22 1994 16:28 | 6 | |
Do you have any more info on Hunter Envirenmental, I am interested but
I would like to find out more about it. What is the ticker symble and
on what market is it traiding on.
Thanks Frank
| |||||
| 700.5 | MARVA2::BUCHMAN | UNIX refugee in a VMS world | Tue Mar 22 1994 19:52 | 21 | |
There is no ticker symbol; it's a "pink sheet" stock, i.e., one that is
very small. A friend of mine in the office tracks this company pretty
closely. She says that the company applied for its permits last year,
and had ever expectation of getting them because Lloyd Benston thought
it was a good idea and wanted to draw business to the Texas. They Lloyd
went to D.C. to head the treasury department, and support for the
company's proposal was weakened. A commission initially denied their
permit, and the stock went down; then the local judge did not overrule
the commission's decision, and the stock went way down. There was a
perception that they were a bunch of New Englanders who were trying to
move in and set up shop in Texas. However, their appeal will be tried
at the state court of appeals, where it is expected to fare better; and
the company has hired a Texas law firm to work on the case.
I see it as
a somewhat risky investment with a potentially huge upside, if they win
their appeal. Certainly nuclear plants are going to need to get rid of
their waste, rather than just storing it onsight in what look like big
swimming pools. Also, from what I heard, the company already owns the
land with the abandoned salt mines where it proposes to stash the
waste; so the company does have assets.
| |||||
| 700.6 | something must have happened... | NEWVAX::BUCHMAN | UNIX refugee in a VMS world | Tue Aug 15 1995 21:43 | 5 |
| 700.7 | Take the money and run... | LACV01::CORSON | Higher, and a bit more to the right | Tue Aug 15 1995 22:01 | 1 |