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I haven't heard anything lately. They are working to restore the furnace. DOE seems to be very supportive of the company based on statements made when the problem occurred and the company took the cautious way out. They are expected to be back on line late in the year. They currently have no apparent competition -- Martin Marietta Molten Metals had been competing, but they seem to be kaput now. As someone said, for the long run, it looks like a good time to get in. I just did after the furnace problem occurred. Norm
Norm, DRTK is still in my portfolio, and will stay there since I have it at a low basis. But neither do I anticipate any near term action in the stock price, and for that reason do not plan increasing my position much if at all at present. And DRTK appears to be a stock with its own story and a trajectory that is not really participating in the present bull market. Rather, I think that DRTK is the type of stock that may profit most in a generally down market. Bill
Bill et al, What's causing the DRTK increase? I know the Aug 14 quarterly earnings were nice, but there seems to be some other force causing an upward movement over the last few days. I haven't seen any recent news. Are they ahead of schedule on the furnace restoration? Anyone know? Norm
Norm, it appears that recent price increase is due in part to positive analyst comments and recommendations. These were described in two articles by Christopher C. Williams that appeared on DJNS on August 29 and Sept. 9. The Sept. 9th article contained 2 "strong buy" recs from Gruntal & Co. and Deutsch Morgan Grenfell. Analyst comments focused on DRTK's 1) diversification, 2) compact with British Nuclear Fuels, 3) acquisition of Scientific Ecology Division of Westinghouse and 4) the continued involvement of the Carlyle Group as DRTK's major shareholder. Prospects look excellent everywhere you look, even with the overhanging concern of when Savannah River vit. plant will go back on line (supposed to be 4th qtr of this year). Zacks ranks DRTK as 3 of 98 in the ecology/environmental sector, a sector which generally has not done very well recently. Looks like those who bought at 4 7/8 on April 1 were NOT April Fools! Best regards to you and the many (or is it few) other DRTK shareholders who monitor this thread. Bill.