Recent Price: $1.33
52 Week Range: $.38 - 3.00
Shares Outstanding: 4.7 million
Estimated Float: 1.3 million
Thanks to President Bush, the dangerous level of arsenic in our drinking
water has become a major issue.In a stunning reversal of their March position,
the Bush administration announced on April 19th that they favored a substantial
reduction in the arsenic standards, which will trigger billions of dollars in
spending. One beneficiary of this boom will be NuElectric Corporation, a pollut
control company with a patented process for safe arsenic removal.
Timing is everything with low-priced stocks, and we believe there is a real buy
opportunity for NRGE. The shares hit an all-time high at $3 in August as invest
anticipated that the new Environmental Protection Agency (EPA) regulations woul
in by June 2001. Then a bear market deflated prices for technology stocks in ge
followed by the initial March EPA announcement that sent NuElectric shares to a
low at 38 cents.
We like the fact that NRGE has a small number of shares outstanding, with a tin
of just 1.3 million. The company is debt free, insider ownership is approximate
ly 30%, and
they are a reporting company. Their business plan is to acquire environmentally
technologies developed at major universities. Their first buy out was Clean Wa
owner of the process that removes arsenic. NRGE subsequently acquired Zorax, In
has a patent-pending technology that extracts Cryptosporidium and Giardia from
Our recommendation: Buy NuElectric shares at currentlevels, looking for the sto
retest the considerably higher levels reached last year. Contact the company at
for more information.
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DISCLAIMER: An Affiliate of NuElectric Corp. paid a fee of $9,750 for the circu
lation of The
Stockplay Newsletter. Affiliates currently own shares of NRGE, and may buy or s
ell shares at any
time after the dissemination of this report. Nothing in this Newsletter should
be construed as
investment advice. This profile is not a solicitation to buy or sell, and this
does not purport
to be a complete analysis of the company mentioned. Purchase of this stock may
speculative, and may result in the loss of some or all of any investment made.
about NuElectric Corp. may be obtained on-line at various financial web sites.
REMOVAL INSTRUCTIONS: mailto:?subject=remove-NRGE