Just as the momentum behind REFR's precipitous rise was flagging, out comes a very timely article in Business Week by Gene Marcial in his "Inside Wall Street" segment. The article appears to be essentially the result of an interview with Robin Manners West, portfolio manager of the New Mexico State Investment Council, and a frequent subject of his column.
Marcial's article cites nothing that has not already been noted in this blog, which already drove the stock from $5 to $15, yet forecasts a $35 price target and profitability by the January 2009 on expectations that licensees Air Products and DuPont will "sign up", whatever that means. The best that this blogger can guess is that West expects to fund itself solely from licensing out subscriptions to its technology. The cited 18-month time frame is also an interesting one, in that it is one favored by long-time REFR promoter R. J. Falkner.
The article does admit that there remains no analyst following for REFR, although it does list Fidelity among "early" investors, even though their position does not as yet appear on the Nasdaq website.
Looks like it game on, as far as the war over the stock goes. As for the company itself, that remains to be seen.
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2 comments:
I would just like to know what Hedge Fund you work for or possibly manage.
Oh, I wish.
Know any that are hiring?
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