Well, I gotta say, it’s nice to be right. In this facade of a falling economy, smart businesses continue to excel. Evergreen Energy, Inc. is one of those companies. Back in November, I recommended investing in this stock when it was less than 40 cents per share. Jump forward 4 months and you’ll see it now closing around $1.50 – over a 400% gain!
So now what do I recommend? You know, this stock was at $20/share back in late 2005 and I don’t think we’ll see that price anytime soon, but $5 a share by the end of the year wouldn’t surprise me. Top executives continuing to buy their own stock and further progression with deals in Asia could lead this stock into a continued upward spiral.
Any business helping with alternative energy, such as Evergreen Energy has a lot of potential. What will really set this apart from the others is their ability to follow through with future development and continue to invest in their own company. Both these qualities will result in a strong foundation to regrow the business and get a step ahead in today’s economy.
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