Robert McWhirter
VRB Power Systems
VRB-X
BUY
Jan 25, 2007
Not part of his database. Expected to lose $.05 in earnings in 07 and $.09 in 08 giving it a 7 PE. Wildly Speculative play on renewable energy. Expecting results on an Irish study shortly.
Storess electricty when it's cheap and resells it when it's expensive. The strategy is great and if they could do it profitably, that would be unbelievable. They are still burning cash. Very risky.
Vanadium. It is a good story, but a harder reality. It is a small and thin market dominated by the Chinese. It is tough for new explorers to break into. It is more of a story than an investment theme. Vanadium is the hamburger helper of the steel industry.
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