Monday, May 07, 2007

 

Missed Opportunities: PMFG

Back in November of 2006, I put together a short list of stocks that may benefit from a Democratic Congress.

To make a long, frustrating story short, I balked at buying PMFG, because it was too thinly traded. Like a dicktard, I ignored what seemed to be a "sure thing," because I didn't want to "waste valuable resources" in a thinly traded micro-cap.

100% later, "The Fly" hates his trader/servant for being lazy, missing the PMFG run, and will now proceed to throw desk lamps at him.

Here is PMFG's description:

Peerless Mfg. Co., through its subsidiaries, engages in the design, manufacture, and sale of products used for the removal of contaminants from gases and liquids, as well as for air pollution abatement. It operates in two segments, Environmental Systems and Separation Filtration Systems. Environmental Systems segment offers environmental control systems used for air pollution abatement. This segment�s main product, Selective Catalytic Reduction System, is used to convert nitrogen oxide emissions from exhaust gases caused by burning hydrocarbon fuels, such as coal, gasoline, natural gas, and oil, as well as organic bio-fuels, such as wood products, grasses, and grains, into nitrogen and water vapor. Environmental Systems segment also offers various systems to reduce pollutants, such as carbon monoxide and particulate matter. This segment sells its products to power producers, power developers, engineering and construction companies, heat recovery steam generator manufacturers, boiler manufacturers, refineries, and petrochemical plants. Separation Filtration Systems segment provides separators or filters that are used for various purposes in cleaning gases and liquids as they move through piping systems. These products are used primarily to remove solid and liquid contaminants from natural gas, as well as saltwater aerosols from combustion intake air of shipboard gas turbine and diesel engines. These separators are also used in nuclear power plants to remove water from saturated steam. This segment offers its products to gas producers, gas gathering, and transmission and distribution companies; chemical manufacturers and oil refineries; manufacturers of compressors, turbines, and nuclear and conventional steam generating equipment; and shipbuilders. Peerless Mfg. was founded in 1933 and is headquartered in Dallas, Texas.

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