There’s lots of peripheral stuff to cover related to CGYV which is certainly worth a read. According the media, major shareholder Steve Westly did not get the nod as Secretary of Energy. However, Obama has chosen Nobel Prize Winner Steven Chu as the man to get the job.
Chu happens to be Chinese, which may or may not help. However, his views on the future of the “Green” Movement fit right into the CGYV theme. Here’s a quote:
“If I were emperor of the world, I would put the pedal to the floor on energy efficiency and conservation for the next decade,” Chu said.Tackling energy waste in residential and commercial buildings is a high priority for Chu. He said new designs and technologies in that area could go a long way toward improving heating, ventilation and lighting systems and reducing energy consumption. “Get rid of the wasteful habits and inefficiency and that by far and away will show the biggest gains in the short term,” he said.Chu lists examples of “hybrid thinking” to deliver more energy efficiencies such as cogeneration plants that capture waste heat while producing electricity, but says the dominance of coal-fired electricity is a big obstacle to progress.”
There’s another fantastic article on the future of Energy Efficiency as it relates to China that is a must read:Here’s a quote from the article:“Emission reduction and energy saving is not only an issue of environmental protection, but important to a company’s profitability, especially when the financial crisis deteriorates the economic situation,” said Gu Zhanggen, the Party secretary of the company.
Here’s a link to the entire article. It states inefficient manfucturers are closing down in China. Energy efficient and low pollution manufacturers are experiencing a boom.
The stock traded sideways this week on lighter volume. At some point, this company is going to end up in the eye of the Hurricane, and the market will find out about it and come for it in a big way.
I wish I knew when it was going to be. The chart shows the stock has drifted back down near its support level:
We’re getting close to the end of the tax selling season, so I would expect the supply side on this one to become almost non existant pretty soon.
With their strong balance sheet, growth, and profitability, it is inevitable someone is going to come for this stock sooner or later, and when they do it will be very hard to buy.
Comments and questions are welcome.