That was a great call on MBLX - as usual, wish I had played it. I was waiting for it to hit 30 today so I could short it - can you say overextended?.
Anyway, a play I did make this week that is an obscure "green" play is KDN. Ball bearings- how can you get more boring, right?, But wait - a growing part of their business is making highly specialized ball bearings that are used in wind turbines. From their recent press release:
During the first quarter of 2007, the Company expanded its capital program to serve customers in the rapidly growing wind energy industry. The additional capital expenditures recently committed to will help meet wind turbine manufacturers' requirements for advanced custom bearing assemblies up to 11 feet in diameter for new, larger wind turbines with up to 3 megawatts capacity. The Company has previously announced its current capital program to serve customers in the demanding medical and security equipment markets with high-speed low-decibel specialty bearing assemblies. The Company's total investment in these expansion programs will be approximately $60 million when completed. For calendar 2007, Kaydon now expects total capital expenditures to approximate $51 million.
I'm in at 46.22. Great volume yesterday, slight pull back today. Wind power in the U.S. is exploding - will do even more is the Dems gain the white house.
Anyway, a play I did make this week that is an obscure "green" play is KDN. Ball bearings- how can you get more boring, right?, But wait - a growing part of their business is making highly specialized ball bearings that are used in wind turbines. From their recent press release:
During the first quarter of 2007, the Company expanded its capital program to serve customers in the rapidly growing wind energy industry. The additional capital expenditures recently committed to will help meet wind turbine manufacturers' requirements for advanced custom bearing assemblies up to 11 feet in diameter for new, larger wind turbines with up to 3 megawatts capacity. The Company has previously announced its current capital program to serve customers in the demanding medical and security equipment markets with high-speed low-decibel specialty bearing assemblies. The Company's total investment in these expansion programs will be approximately $60 million when completed. For calendar 2007, Kaydon now expects total capital expenditures to approximate $51 million.
I'm in at 46.22. Great volume yesterday, slight pull back today. Wind power in the U.S. is exploding - will do even more is the Dems gain the white house.
I hear what yer saying and I'll heed your first warnings from now on! Have a great time at the beach!