OTCQX:HEOFF - Post by User
Comment by
Possibleidiot01on Jan 22, 2023 4:57pm
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Post# 35238774
RE:RE:RE:A president's dream!
RE:RE:RE:A president's dream!It's interesting when i look at the stockhouse chart for 2016 , the high was $2.34 - exactly where it is today . Not exactly overwhelming.
I remember TSO3 as well ; there is a difference between the two firms - TSO3 had a disruptive product with many alternative ways to disinfect surgical instruments , H2O has essentially mainstream technolgy IMO ( which is one of the reasons I delayed purchasing shares in the company until February, 2020.
H2O is one of the first companies I posted on.
Can anybody convince me this is a good investment?
Over the years, I have owned many water companies - Trojan, Zenon, GLV/Ovivo , Consoidated Water , Xylem.
I have been looking at this company for maybe 5 -10 years . I even like some of the parts of the company -like the maple syrup equipment and the desalination parts. what , imho , seems to be lacking is unique processes and equipment. What they sell has no uniqueness or ability to provide pricing power.
In view of that , management's decision to focus on the MRO ( maintenance, repair, operation) of municipal systems makes sense ; lower margin consistent profit being preferred over lumpy results.
What I don't get is buying these businesses by selling new equity at low prices.
I also don't like the pension funds like BDC Capital , Investissement Quebec involvement as major partners supporting these deals .
Is there anybody out there who feels the company can scale up the company becoming profitable without retail shareholders getting hurt?
Does that make me a recent shareholder in your view? Been aware if the company for much longer than that like back to when Trojan Technologies and Zenon Environmental (2004) were around.
One thing that has changed from my post is they haven't been issuing shares and one pension fund did exit the company if i remember right.