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Current drill rigs bringing up nat. gas are going to be required to stop flaring off. Psix can use that in their engines to run electric generators at only the investment of the engine/generators and can provide and sell electricity back to the grid. I believe they will beat the street again when they report the quarter shortly. Mgmt seems to be strong.
Sales growth and insider ownership...
Should continue to beat the market because low cost natural gas utilisation
Making a bespoke product more cheaply than a significant rival with a potentially great future
A profitable company in a growing and lucrative field of natural gas, PSIX should be able to grow earnings quickly as nat gas gains critical mass. Buy on pullbacks and hold on to this volatile stock!
Power Solutions seems like it is headed in an upward trajectory. However this growth is heavily dependent on the expected EPA regulations tightening which is already happening. When the EPA tightens its regulations, it is usually the case that other countries will also move towards doing the same. PSIX already has strategic partnership with MAT (an OEM that has most of the market share in China for industrial forklifts). The pie is going to expand. On the other hand, I'm not exactly sure if Power Solutions would be the best positioned among its competitors to take advantage of the widening pie (also, there is the question of whether or not the pie will actually widen, given that it is all very political). PSIX is trading at 17x book when its competitors are only trading at around 2-6x book. They also have 9x debt as they do cash. I am looking to end this pick when the 10-day minimum is met.
Natty lights = Natty Gas
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