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Energy Recovery, Inc. (ERII)

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19.72+0.01 (+0.05%)
At close: 04:00PM EST
19.72 0.00 (0.00%)
After hours: 04:00PM EST
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  • S
    Shawn
    My review of the Fireside Chat W/CFO Joshua Ballard

    Desal is growing super strong next 3-4 years business from Middle East and SaudiArabia is strong…real growth in Asia. By 2030 there will be a massive water across the world gap/desal to play a key role. Expects industrial wastewater business to grow rapidly in coming years and regulation is going to increase over next decade. Refrigeration regulation is happening very quickly driven by global agreements. They are seeing big interest from Europe and US. They will get the savings data from their grocery store deal over the summer. Partnership’s will be critical. No updates on vortex but said they are still working on completing Vortex and will have updates later. Their recent credit line: stated as they grow want more income options in place. Not going to sit on cash they will buy back or invest in other industries. If refrig grows faster than expected they would use for other investments. Someone asked a question about the guidance they gave for the record 4th quarter coming up and he said he couldn’t talk about that but our guidance on previous years have always been stable. Covid have not affected their large projects to his surprise they continue to push forward. No disruptions at all and they have taken this time to get way ahead on stockpiling inventories and raw materials so no disruptions in the future.
  • S
    Shawn
    What do you think guys is this just a market event and or a retraction due to the high PE? Maybe an opportunity to buy cheap before next earnings report.
  • M
    Mac
    Congratulations to all the longs, it has been quite a year. We should have some great news coming out over the next few months. Remember according to ERII's prior comments they anticipate that the qtr we are in now will be a record, that will mean a 50% jump in revenue for the 4th qtr over 3rd qtr.. Also remember that due to mega project deliveries it is easy for them to know how much is going out the door by December 31.
    I look forward to the headlines "ERII has record qtr, revenue up 50% over 3rd qtr". That should get some more peoples attention!
  • M
    Mac
    #$%$ $50 million credit line with JP Morgan Chase! I guess that is what the "Fireside Chat" this morning is about. I can only come up with 2 ideas so I am probably wrong, especially since I have only had one sip of coffee: 1) They think they have some huge growth opportunity in I would assume refrigeration 2) They are buying a huge hunk or all of the Norwegians stock. We should find out shortly.
  • M
    Mac
    "Fearnley Securities and Energy Recovery Virtual "fireside chat" with CFO Joshua Ballard,When: Thursday, January 6th at 9:00am ET". This should be good, get a hint about the record qtr!
  • S
    Shawn
    I was surprised by how far ER fell the past few weeks based on what seemed like the Fed raising interest rates. Didn’t think this company would be affected as much as a lot of others by rising rates. Anyone have a take on that?
  • M
    Mac
    The Norwegians sure know how to bleep-up a good thing. They have distributed and sold some stock as the 13G and 13D filings have shown but for the most part people are in the dark about what is going on. Terrible timing, ERII management comes out with some great projections, things could not have looked better, the future almost looked perfect. Then the perfect storm with the filings.
    The management projections were then worthless with people thinking that it was just fluff so insiders could bail. I don't believe that but if you bought the stock recently and you are down in it good chance you are selling it before year end to take a offsetting tax loss.
    Now is when we needed that press release with the projections.
    Halevay I am going to keep an eye on the options, they are getting pretty cheap if you think we could get a bounce after the beginning of the year.
  • S
    Shawn
    There only seems to be a few people that post on this conversation site. Mac, Hal and Ryan I appreciate your responses.
  • H
    Halevay
    Mac….
    What happened to your post?
    I was all set to congratulate you and then rib you for having a 9x return, not 10x.

    Are you buying those shares back now and holding for $26?

    Surprising the stock was still up….I bought calls back (at a large loss) so just naturally expected this to fall…
    No more options writing on this one. Always call it wrong and the premiums aren’t really worth it.
  • M
    Mac
    I thought this might be the case, another Form 4 from Hanstveit. He sure knows how to be a party pooper. Sells 25,000 yesterday when it was making a new high. Why not wait a little while? How about changing brokers too because 25,000 really is not that many shares and I think word gets out at the brokerage firm he is using and people jump on board either selling or shorting.
  • M
    Mac
    3rd try of posting: Jan posted on another site comments by Fearnley. Take away that I got is that the Palm order last week is great for the big picture. The order was not to replace old technology, ie thermal, but it was replacing a competitors (Flowserve) energy recovery system that was not very old with ERII's. Also positive comments on refrigeration.
  • M
    Mac
    Opened nice today and then it started selling off, strange I thought. Sure enough another Director sold some shares, 20,000, and the brokerage firm, IMHO, jumped on board with their sells or shorts. This seems to be a recurring pattern: new highs then an Insider/Director sells some and hammers it for the short term creating a short term buying opportunity (at least I hope that is the case this time).
  • S
    Shawn
    Anyone have a guess why the persistent uptick? Can’t believe it’s just from today news three weeks ago the 22 million contract news came out and the stock went down the next day.
  • M
    Mac
    There is a new video out on isoBoost. In the video it mentions DXP Enterprises as being a distributor of it. I do not recall this partnership before. Maybe DXP can get the product moving, they do over $1 billion in sales. https://www.youtube.com/watch?v=7_rctdXOtKU
    IsoBoost Integration with Energy Recovery and DXP
    www.youtube.com
  • S
    Shawn
    With all that is going on with the global warming, drought out west, infrastructure bill, etc wouldn’t you think Energy Recovery would get some kind of PR on CNBC? And all the potential ER has for helping clean the earth and lower costs? All they do is talk about the same stocks all day Tesla, Bitcoin, Amazon and Apple. 🤷‍♂️
  • Y
    Yahoo Finance Insights
    Energy Recovery reached an all time high at 23.94
  • M
    Mac
    I encourage everybody to read the prepared remarks, link is below. When I read them this morning I got the feeling that I was reading a prospectus or a business plan for a start up with the glowing predictions, predictions that are rarely met by a startup. ERII on the other hand has been around for many years and has been developing a very nice track record, especially under Mao. Not the usual Silicon Valley BS of "Fake it until you make it". They are laying out a believable plan of 20% growth per year over the next 5 year. Rarely can you get this with a company that has a proven product, $100 plus million in cash, and no debt.
    Again yesterday had very few questions from "analyst" (ie people paid to push the story). ERII is growing and telling the story on their own, they don't need to pay anybody so in many ways this is still an unknown company. Jan called it a "10 bagger" or something like that, I have called it an Estate Builder. I am sticking with that and looking forward to the next 5 years.
    https://ir.energyrecovery.com/download/companies/energyrecover/AnnualMeetingPresentations/ERII%203Q21%20Earnings%20Prepared%20Remarks.pdf
  • H
    Halevay
    So, I goofed….
    I hate beginning a post that way as it happens so infrequently. Ha!

    Got caught in the sell off a few weeks ago and protected my position a bit, which ended up taking me out of much of the rebound.

    Going to use this opportunity to buy back my calls at a loss….(which at least will offset some gains elsewhere in the portfolio) and stop trying to time this stock. It’s more of an instapot, slow-cooker stock. I just need to be patient and focus elsewhere in the short term.
    So, Mac…I give you props for your calming message shortly after the sell off and I remain a long, but now humbled, investor
  • M
    Mac
    Very good call, I think I might be correct about my prediction of new highs by the end of the week. What a difference having Mao running the company as opposed to prior CEOs. Vorteq still a question mark but such good news on other fronts I don't think it really matters at this point. Record anticipated qtr that we are in now, that will mean a 50% jump in revenue for the 4th qtr over 3rd qtr. Also going into next year looks very promising with Desal anticipated sales of $130 million....HHHhhmmmm maybe Jan is right!