Posted
Jun 05 2008, 08:56 PM
by
Dave Dispennette
Growth Stocks
FTEK @ $25.63 (Fuel Tech) provides Nitrogen Oxide reduction and fuel chemical process technologies used in air pollution control. Revenues have increased 80% and 26% during the last two quarters, as earnings climbed 250% and 133%. Expectations have earnings increasing 28% this year and another 57% in 2009. We are establishing half a position here and will enter the remaining half on a pull back to the 23.50 level. Our stop loss will be set at $22.
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