Hey there West!
what you are seeing right now is the PPS adjusting a bit. We are coming off of a PSC pump. Right now the support point seems to be in the upper .01 to lower .02 range. The company has also released a flood of PR's lately. The last couple may be chalked up to being nothing more then "fluff" PR's. Believe it or not I would have liked this a lot more if PSC wasn't involved. I'm not a big fan of third company pump jobs.
With that said, to answer your question of is this a good stock? I would have to say witout a doubt at the level the PPS is currently at, YES IT IS! They have made some excellent deals and as long as they are not BS-ing us all (if they were they would be facing some HUGE legal trouble) we should see some good returns. We are still waiting on one very big piece of news and that is the name of the U.S. distributor. They said that should come out around March 19th or sooner if they are able to close the deal befeore then.
They have not started production of the water heaters because they just recently closed some deals with other companies to supply the component parts. The water heaters they want to produce have the potential to make a huge impact on the water heater market. According to the reports that are available, the heaters should be extremely energy efficient. In case you have been living uder a rock, almost anything that will conserve energy is a big part of the green movement that government entities and private industries are jumping on.
I have flipped this stock a couple of times already, but I continue to buy more shares for a longer term play. I believe we have a solid company, a solid plan, and a solid product. I hope this helps!
Good Luck,
RA
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