MIR, Fuel cells and EDIG.
Mary, about a year ago I asked you about fuel cells and you Emailed me back a list of companies to review. In Todd Shaver's newsletter, The Bull Market Report, www.bullmarket.com, he addresses fuel cells. First the small part [taken out of context] then part of the news letter.
"The first generation of compact fuel cells is set to hit the market
sometime next year. Consumers will utilize them for everything from
laptops to MP3 players, mobile phones and digital assistants. Traditional
batteries have proven insufficient for today's power-hungry portable
devices, but compact fuel cells can last up to 10 times longer than their
predecessors. They are also environmentally friendly."
QUESTION: Could you please advise me which companies are dominant players
in fuel cell technology for portable electronic devices?
TODD'S ANSWER: If you are considering an investment in fuel cell
technology, Ballard Power Systems (BLDP, $19.56, down 0.01) may warrant
further consideration.
The company has centered its efforts on the development of automobile fuel
cells and large, stationary fuel cells. Notwithstanding its notable
success over the past several years, however, Ballard stands to benefit
immensely if it also decides to develop fuel cells for portable electronic
devices.
The first generation of compact fuel cells is set to hit the market
sometime next year. Consumers will utilize them for everything from
laptops to MP3 players, mobile phones and digital assistants. Traditional
batteries have proven insufficient for today's power-hungry portable
devices, but compact fuel cells can last up to 10 times longer than their
predecessors. They are also environmentally friendly.
Ballard has already proven itself as THE industry leader in automobile
applications, and there is no reason to believe that it cannot experience
similar success in the realm of compact fuel cells. We would like to
mention, however, that this stock is not necessarily for every investor.
While the returns should be significant over time, this type of "concept"
stock with little earnings and uncertain prospects is best suited for
aggressive investors only.
AI
