Calgon Carbon Corp (NYSE:CCC)

SuperCharge (80.41) Submitted: 6/12/2009 3:10:15 AM : Start Price: $18.34 CCC Score: -79.28

Yes, the stock is trading at a 20+ P/E but it traded at 50+ in 2007 for a reason... growth and potential future booming growth. Forward pe is 15.6 and they just received a new credit facility to help with their expantion. Got in at a bad price for this caps trade but I'm still banking on the world's largest manufacturer of granular activated carbon to be trading at $20 in the not too distant future. 2-10 years down the road, the sky's the limit assuming granular activated carbon remains a valuable material in purification systems for drinking water, wastewater, odor control, pollution abatement, and a variety of industrial and commercial manufacturing processes.

Recommended reading from the 2-11 WSJ via CCC's website if you're interested.

Calgon Carbon Corp. sees gold in mercury control. http://webreprints.djreprints.com/2127100752120.html

The gist of the article suggest that in part because of potential regulations, "industrywide demand for powdered activated carbon for mercury removal could rise to 500 million to 750 million pounds annually, up from current levels of less than 50 million a year. Mr. Stanik (CCC's CEO) said Calgon is preparing to capture a minimum of 35% to as much as 50% of the North American market for powdered activated carbon used in mercury control. Even if the company captures just the low end of that estimate, its annual revenue could increase by as much as 50% from its current level, he said. Calgon's revenue was $351.1 million in 2007".