To: WWS who wrote (13) | 6/17/1997 7:12:00 PM | From: jeffrey rainey | | |
Bill, Thanks for your response. I had heard of an apparent hole in the melter. Any additional info you might have i'm listening. Thanks again. |
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To: jeffrey rainey who wrote (16) | 7/11/1997 11:36:00 PM | From: Norm Franklin | | |
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 |
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To: Norm Franklin who wrote (17) | 7/12/1997 11:45:00 AM | From: WWS | | |
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 |
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To: WWS who wrote (18) | 9/19/1997 11:15:00 PM | From: Norm Franklin | | |
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 |
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To: Norm Franklin who wrote (19) | 9/20/1997 12:01:00 AM | From: WWS | | |
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. |
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To: WWS who wrote (20) | 9/20/1997 12:16:00 AM | From: Norm Franklin | | |
Bill, Thanks for the information! Very informative, indeed. I'm a fan of the vitrification process. It's great that they have other revenue producing work to keep them afloat while the furnace is repaired and placed back on line. I'm under the impression that the vitrification capability, if successful, will outshadow all of the other sources of revenue. What's your take? Norm |
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To: Norm Franklin who wrote (21) | 9/20/1997 12:48:00 AM | From: WWS | | |
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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To: WWS who wrote (22) | 9/23/1997 1:51:00 PM | From: jeffrey rainey | | |
Does anyone know why this stock is on the rise?Is a buy in at 15 a good investment? I should have purchased at 8.75 but waited like a fool!!! Thanks Jeff |
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