Once a government budget is passed we should see a lot more visibility in regards to waste treatment spending. Expect to see all companies in the industry benefit.
It won't be immediate but going forward with the plant closing and no longer having to fund Perma Fix Medical we should start seeing some significant cost savings.
My take is that there are 3 possible ways that we can see a much higher valuation:
1) recovery of the base business and/or winning a large contract (supposedly bidding on a lot of business).
2) good news on the high level waste project. Think that it's highly likely that they advance to the next stage (i.e. treating 2000 gallons).
3) good news from Perma-Fix Medical....one can view their ownership % as a zero risk call option.
Am really impressed by COO Mark Duff and think that he will be bringing in a lot of new business.
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