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Headwaters Inc. (HW: 10.06 0.00 0.00%) released 3rd quarter earnings this morning and their reorganization and new business growth appear to be on track. The company shut down their Section 45 renewable energy program on Dec 31, 2007 and have been entering some new business lines to replace the loss of the companies major revenue and profit generator. Headwater’s secondary business of building products has also taken a serious hit with the decline in housing construction over the last 2-3 years. I became interested in the company when I learned how they are attempting to take their renewable fuel (coal gasification) expertise into new areas to rebuild the company’s revenues and profits.
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Original Source: timplaehn.com
29 July, 2008| Fundamental Analysis |
@ 5:38
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