Rentech, Inc. (AMEX:RTK)
CAPS Rating:
The Company offers energy independence technologies utilizing domestic resources to economically produce ultra-clean synthetic fuels.
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The Company offers energy independence technologies utilizing domestic resources to economically produce ultra-clean synthetic fuels.
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Just shed an ill-fated -ev project which was holding back value. Mid-December reports will get the market excited. Ton of cash per share, a majority stake in RNF worth roughly $2.00 per RTK share, and no debt as a result of recent spin off RNF IPO. This is a 3 dollar stock discounted by 50% because of well-founded worries about bad management. However, today's move shows that RTK won't (intentionally) waste shareholder money on bad projects, and this should instill some confidence in the market.