Monday, August 6, 2007

Sold Fuel Tech (FTEK)

I sold Ftek during their earnings call this morning. Its sales are not performing to expectations. Perhaps at some point Ftek will be hot if its technology becomes considered a standard in pollution control. This won't happen easily even if the technology works well.

profit on FTEK: 61%

Fuel Tech, Inc. (Fuel Tech) is an integrated company that uses a suite of technologies to provide boiler optimization, efficiency improvement and air pollution reduction and control solutions to utility and industrial customers worldwide. Fuel Tech's focus is the worldwide marketing of its nitrogen oxide (NOx) reduction and FUEL CHEM processes.

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