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.