Finally…The Stock Picker In Chief Let The Free Market Work As It Should
Finally…The Stock Picker In Chief Let The Free Market Work As It Should
The bankruptcy of A123 Systems—the maker of lithium battery systems for many electric vehicle companies like GM and Fisker Automotive—finally was put out of its misery today of massive losses with its Chapter 11 filing.
However...the GOOD news is that for some reason the Federal Government—after pouring hundreds of millions of tax payer dollars into A123 as a “shining example of how we are winning the future in clean energy” are actually allowing the free market system to work...amazing!
Here is EXACTLY how the free market would have cleaned up GM and left a MUCH stronger and vibrant US car manufacturing economy...but instead created a Frankenstein company with $60 billion of pension and healthcare liabilities that will NEVER EVER get paid by GM---oh yes friends the US taxpayer will wind up paying the healthcare tab for GM’s 850k health and pension plan members. They have only $50 billion in their “trust fund” and the total costs of the plan run over $5 billion a year...do the math.
If you look at this announcement...this COULD have been the same announcement for GM...and I guarantee GM would be 10X more valuable today.
- Toby
And now for our top stories of the week…
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I talked in depth with Mimvi CEO Kasian Franks last week about their partnership with Microsoft.
As per usual on these deals, he can’t specify how much of the deal is cash vs. services but the gist of our conversation shared a lot of the details and opportunity of the deal.
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This week IceWEB has added a major reseller according to CEO Rob Howe. “We’ve hit the ground running in our new fiscal year with more significant wins. The Jefferson Foundation (Monticello), representing the non-profit sector, is another nice reseller win for us. To have gained a client of their gravity and caliber, is very encouraging to us.”
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What does Antifreeze Recycling, Inc. and Renew Resources, LLC. have in common? On October 26th, they will both become official members of the GlyEco family.
More important—they like all the GLYE glycol recycling industry consolidations are accretive to the GLYE income statement NOW.
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NBT Stock of the Month...
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CRCL is in the final legs of completing a game changing financing to get their Kansas Shale project into production. Some shareholder dumped a huge amount of shares last week and it killed the stock...short term. NBT members are smart enough to USE these weird selling periods to START positions ahead of what we believe is going to be exciting news in short order for CRCL. Some NBT’ers were in today buying shares...good for you! THESE are the moments—like MIMV at .15 or IWEB at .05—that it’s time to pounce on our favorite companies (as long as their fundamental story keeps getting better).
Moral of Story—in Microcap Land—you have to take advantage of forced selling overwhelming the ask/bid on the shares.
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NBT Investor Presentation of the Week...
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GlyEco, Inc. is a green chemistry company which transforms used glycols, a hazardous waste, into profitable green products. The Company’s patent-pending technology recycles polluted glycols to a purity level equal to refinery produced material. This unique process cleans all five types of polluted glycols: HVAC, Textiles, Automotive, Airline and Medical. World-wide consumption for refinery produced ethylene glycol is over 5 Billion gallons per year.
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Quick Survey of the Week
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Who do you think will be the winner and go on to the World Series, S.F. Giants or St. Louis Cardinals?
Click here to take survey |
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LAST WEEK'S SURVEY RESULTS
Will Apple regain $700 per share by the end of the year?
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About the Author
Founder and Editor-in-Chief NBTEquitiesResearch.com. Contributor and Anchor Fox News Channel and Fox Business Network. Chairman & CEO NBT Group,Inc., a boutique private capital investment bank and investor relations organization.
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