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Thermal Energy International Inc V.TMG

Alternate Symbol(s):  TMGEF

Industrials Pollution & Treatment Controls
Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to the fortune 500 and other multinational companies. It operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. It markets, sells, engineers, fabricates, constructs, installs and supports two technology lines, such as heat recovery solutions, including direct contact heat recovery solutions (FLU-ACE), indirect contact heat recovery solutions (HEATSPONGE and SIDEKICK), and condensate return system solutions (GEMTM steam traps). It is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). Its solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations. It has two primary operational bases of operation, one in Ottawa, Canada and the other in Bristol, United Kingdom, covering Europe and the rest of the world.


TSXV:TMG - Post by User

Thermal Energy International Inc > Why we bought TEI ...
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Comment by AlbertESGon Dec 20, 2024 10:15am
39 Views
Post# 36372073

RE:RE:RE:RE:RE:Why we bought TEI ...

RE:RE:RE:RE:RE:Why we bought TEI ...
As you probably know, Bill's favourite yardstick of good value for potential acquisitions is 1 X sales. That's basically close to where we're sitting right now. If FY sales come in at around the 27 - 30 million range, that would give a 1 X sales share price range of around 16 - 18 cents. Pretty decent value considering how expensive some of the other things out there are.
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