Keep these on your radar.
1. Energy Recovery, Inc.
(Public, NASDAQ:ERII) -
about: Energy Recovery, Inc. is a global developer and manufacturer energy recovery devices utilized in the water desalination industry. The Company operates primarily in the sea water reverse osmosis (SWRO), segment. SWRO uses pressure to drive salt water through filtering membranes to produce fresh water. The Company’s primary product, the PX Pressure Exchanger (PX), is an energy recovery device employed within SWRO desalination systems. The PX device utilizes the principle of positive displacement and isobaric chambers to achieve an efficient transfer of energy from a high-pressure waste stream, the reject stream, to a low-pressure incoming feed stream, effectively recycling energy that otherwise would have been lost. The Company launched PX-260 during the year ended December 31, 2007.
* ipo 7/11
* water play. about
* has customers world wide
* i'd wait for it to start breaking out for confirmation
2. Asset Acceptance Capital Corp.
(Public, NASDAQ:AACC
about: Asset Acceptance Capital Corp. is engaged in purchasing and collecting defaulted or charged-off accounts receivable portfolios from consumer credit originators. Charged-off receivables are the unpaid obligations of individuals to credit originators, such as credit card issuers, consumer finance companies, healthcare providers, retail merchants, telecommunications and utility providers. The Company purchases and collects charged-off consumer receivable portfolios for its own account. From January 1, 1998 through December 31, 2007, it had purchased 853 consumer debt portfolios. On April 28, 2006, Asset Acceptance Holdings, LLC completed a stock purchase transaction of Premium Asset Recovery Corporation (PARC). Under the terms of the agreement, Asset Acceptance Holdings, LLC acquired 100% of the outstanding shares of PARC. Asset Acceptance, LLC purchases and holds portfolios in all asset types except for healthcare. PARC purchases and collects on portfolios primarily in healthcare.
* makes money off credit card debt. these guys buys buys in bulk accounts from banks/credit cards that have people not paying their debt for a highly reduced cost. they make money on the spread.
* credit card play
* i would wait until financials has bottomed or volume in this guy starts picking up because it's following the banks right now.
