Posted
Jun 01 2008, 09:20 PM
by
Dave Dispennette
IPO's and New Issues
ES @ $25.40 (Energysolutions) provides specialized, technology-based nuclear services to government and commercial customers. Revenues have accelerated 88%, 219%, 222% and 340% during the last four quarters. Earnings are expected to rise 42% next year to $1.04 a share. ES came public in November at $23 and appears ready to emerge from its first trading pattern as upside volume steadily increases. We are establishing half a position here and will enter the remaining half on a pull back to $23.50. Our stop loss will be set at $20.50.
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