Energy Recovery, Inc. (ERII)
For all the bottom-fishers out there, ERII is a NASDAQ stock that is approaching its 52wk low. Just look at the 1-year chart on this thing, and the opportunities it has presented from these low levels. We are going to want to monitor this for its absolute bottom for a few reasons.
In addition to a chart that is looking more and more like an upcoming bottom-play, this was taken from an 8-K filed this morning: “On February 24, 2012, ERI announced internally that Tim Dyer, who has served as chief technology officer and was a named executive officer in last year’s proxy statement, is transitioning out of the chief technology role and into a critical position working on ceramics engineering issues as part of the manufacturing team. Dr. Prem Krish is assuming the position of chief technology officer.”
Couple that with the fact of an impending earnings release, and we find a story worth following over the next few weeks:Tom Rooney, President and Chief Executive Officer, and Alex Buehler, Chief Financial Officer, will host a conference call on Thursday, March 8, 2012 to discuss financial results from the fourth quarter and full year.
EARNINGS RELEASE: Thursday, March 8, 2012
LIVE CONFERENCE CALL WEBCAST: Thursday, March 8, 2012, 1:30pm PST Listen-only, Toll-free: 877-941-8609 Listen-only, Local: 480-629-9692 Access code: 4507700
More Info @ www.energyrecovery.com