NYSEAM:SIF - Post by User
Comment by
ThePlumon Nov 26, 2008 11:08pm
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Post# 15613293
RE: What am I missing here?
RE: What am I missing here?I have commented on this stock for the last few months looking for commentary from people also. During a time when the company has been busy creating new products that will add to the bottom line, and while the company re-affirms profitablity, the shares continue to fall.
IMO this is due to a mixture of Fear, Mark-to-Market accounting & tax sell off. In regards to mark-to-market accounting, I view it as an excellent tool, though with SIF it is irrelavant. SIF presells all it's gas to it's clients, and thus these contracts would have to default in large numbers to impact the company in any shape or form.
The company is just entering the US market - which I need not elaborate on the growth potential that this could have.
IMO there two challenges in the short term (2 to 5 years) will be their perception (google "US Energy savings" illinois - to get a tast of just what I am talking about) & their execution in the USA. The United States is a much tougher marketplace. For an example, grab a copy of the Nov. 24 issue of Fortune on page 52. They have a page write-up about Reliant Energy.
If they can contract proper sales reps, (unlike the morons that Illinois had the misfortune of meeting at the door) & execute well in the lucrative US market place, it could be an interesting ride.