ERII is the epitomy of "New Tech" (ERII, rated BUY)
July 26, 2008
Energy Recovery, Inc.’s devices are used in water desalination plants around the globe. These patented devices provide the most energy cost savings in the market -reducing power costs by up to 60%.
"By making it economically possible to obtain an abundant supply of fresh water from the world’s oceans, ERI has proudly become a key part of making the age-old dream of world-wide, affordable water a reality."
ERII is fresh off their IPO in early July. Earnings come out on August 12th. July 25th’s drop of approx. 7% seems like a good entry point. I am personally in more agressive plays, however, I have a strong believe in this company’s potential. I see this one as having potential for huge growth, while also being a safe play.
ERII is the epitomy of "New Tech" (ERII, rated BUY)
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