I did.  FTEK is one of the few that I am staying with.

uh

What's making FTEK charge ahead this time?  I couldn't find any worthwhile headlines.   Perhaps it is just a run after a pause. 

uh

The SEC has Merriman Curhan under investigation.

 http://www.reuters.com/article/marketsNews/idUSN2940269420080529

Rich L 

Okay.   How does that affect Ftek?

uh

The firm has an analyst who is bearish on FTEK and it is believed that the firm and or clients have heavily shorted FTEK. I just checked shortsqueeze.com and it indicates that nearly 50% of the float is shorted which is an incredible amount.

 Rich L

Thanks, I was aware that someone was shorting the stock in a big way, but I did not know who it was.  This could take a lot of pressure off the stock.

uh

M* has a rather ambitious fair value of $53 on this stock. I am not aware what is the time frame considered for this price. Looks like earliest this price can be achieved is 2012 if everything moves as projected or  perhaps earlier if GE buys this company depending upon the price paid by the latter. I invite knowledgeable thoughts on achieving M*'s price. My own average purchase price is over 25.

The only intelligent thing I could say is the number that they got is predicated upon the inputs used in their discounted cash flow model. Perhaps mainly due to the revenue/income growth rate that is anticipated in the future. Their value of $53 is probably a good ballpark number to go with give or take 10-15%.

As for a takeover by GE, that's pure speculation, and I would not even think about it. You have a higher probability of making significantly more money 10-15 years from now if FTEK were to operate as an independent firm rather than from a GE takeover.  

Considering that FTEK has a joint venture with one of their subsidieres in China,as per value line, I think that a fair value of $53 per share is conservative. M* is usually very conservative in their valuations. FTEK recognizes their revenue once their contracts are put into place so they have a huge back log right now. I did listen into their last conference call and they have a ton of new projects in the works. In addition, what I also learned was that in addition to the new emmisions laws coming into place in 2009, there in another environmental law that is due to change in 2010 which isn't that far away. Its product will be in huge demand going forward and if they increase their estimates next year, I could see them hitting the fair value number by 2011. Keep in mind that FTEK has been moving in a lousy market envirnoment.

I agree that the GE takeover is pure speculation and I just as soon see FTEK go on their own, at least for the next 2 years. The funny thing is that I was thining a little while ago that GE and FTEK could be an interesting combination but I wasn't going to write it because I don't like to writte specualtive things just based on my thoughts.

I entered this baby at $25.  Needless to say, this would be a wipeout if I were to sell.  I believe in cutting losses, but I've been searching for news--nothing. 

This stock is just a playground for traders?