Perma-Fix Environmental Services' Profitable Future
Perma-Fix Environmental Services (Nasdaq:PESI) could have a nice run ahead of it for quite a while, as nuclear power is back on the menu, and the need for more energy is driving the market and a variety of companies connected to it in different ways.
The market has awarded Perma-Fix as the company tripled its earnings per share, and that was from performance, we're waiting to see how far it'll rise when the market factors in future earnings, which could be enormous.
While operating in three segments, the one that matters in relationship to nuclear is what the company describes as "treatment, storage, processing and disposal of mixed waste including off-site waste remediation and processing."
Chairman and CEO Louis F. Centofanti said this about the performance of the company in the last quarter: “We have strong cash flow with a clean capital structure and no intention to raise additional capital for the foreseeable future. As a result, we believe we are positioned to continue the growth of our business.”
The nuclear segment led the company in the fourth quarter, as gross margins surged to 31.6 percent from the 21.4 percent during the same quarter last year. Profits, as mentioned, almost tripled to 20.9 percent from 7 percent in the fourth quarter of 2008.
Perma-Fix Environmental Services' Profitable Future
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