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Technology Stocks : GTS DURATEK INC (DRTK )
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To: Norm Franklin who wrote (21)9/20/1997 12:48:00 AM
From: WWS   of 49
 
Floyd---Savannah River, Fernald, Oak Ridge and Hanford (listed in order of size of clean-up needed) will be worth billions to DRTK over the next 40 - 50 years, assuming that they can just get vitrification to work reliably. Meanwhile, they'll grow purely on the strength of nuclear plant shut downs (14 are scheduled to be "taken down" nationwide), incineration of commercial wastes (via Scientific Ecology division), and its thermal desorption operation in Texas. Management is to be commended for realizing the importance of cash flow while waiting for the big vitrification contracts from DOE, which are so susceptible to lengthy delays due to involvement of government beaurocracies. Bill
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