BEL ==> The New Year's Winner
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Maybe I drank too much beer at today's golf outing, but for the life of me I can't understand BEL's press release. Anyone want to translate?=============================
I am HUGE! Bring me your finest meats and cheeses.
- $$$MR. MARKET$$$
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Let me have a try at it:
"In 2003, we not only cooked contaminated soil, but also our books, to make 2003 look even better than it should have done. As a result, 2004 looked even worse than it should have done. We have straightened things out. And Q4 from 2005 looked a bit worse than Q3, because we were saddled with an unfavorable contract. We have that one out of the way now. Expect things to pick up this quarter."
That is not too bad, although I would have like a bit more positive news on the income side. We now have optimism for the rest of this year. But a turnaround job can't be a smooth ride either. I think most investors will be quite ready to wait for the Q1 reports now.
Regards,
KarelMy Investopedia portfolio
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Rutro
Bennett Environmental Inc. Update
Tuesday July 11, 5:05 pm ET
OAKVILLE, ONTARIO--(MARKET WIRE)--Jul 11, 2006 -- Bennett Environmental Inc. (TSX:BEV.TO - News)(AMEX:BEL - News) announced today that its facility in St. Ambroise Quebec will be shutdown until it has adequate soils to process in a cost efficient manner. The shutdown is expected to last until September 1, 2006.=============================
I am HUGE! Bring me your finest meats and cheeses.
- $$$MR. MARKET$$$
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so long and thanks for all the fish
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Bennett Environmental Inc. Accepts Resignation of President and CEO and Offers Thanks for a Job Well Done
yeah, thanks for inking all of those sales contracts you promised us...
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Erin Brockovich deja vu?
Articles in todays' New York Times and USA Today reveal "hundreds of waste sites are contaminated with trichloroethylene, and that many communities are exposed to the chemical, with associated health (cancer) risks." For more detail, click on the below:
Major soil cleanups could be mandated.
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BEL - time to sell???
Ernie,
Congrads on 83 in a row, but I think BEL is done...for good...
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Friday October 6, 5:05 PM EDT
Bennett Environmental Inc. (CA:BEV) (BEL) announced today that it will re-open its soil facility, Recupere Sol Inc. ("RSI"), Saint Ambroise, Quebec, on October 16, 2006. The facility will process soils that it has accumulated and any soils that arrive while the facility is in operation and once those soils have been processed, the facility will take another shutdown, until such time as it has adequate inventoried soils to process with economies of scale.
Further, due to weaker than anticipated market conditions, the Company no longer anticipates that it will process the quantities of soil as described in its press release of August 4, 2006. The nature of the hazardous soil remediation business is such that deliveries are highly variable and subject to numerous factors outside of the Company's direct influence. In light of this unpredictable nature of the industry and in accordance with the practice of many public companies in Canada, the Company announced today that, effective immediately, it will no longer issue financial or other guidance in advance of the release of its quarterly or annual financial results to shareholders. The Company will, however, inform shareholders from time to time of material developments. The Company also withdraws all financial or other guidance relating to the 2006 fiscal year or any interim period therein, provided by the Company in previously issued press releases, conference calls or other means of guidance and investors are advised not to rely on any such financial or other guidance.
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My Investopedia portfolio
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Originally posted by jiesen View PostBEVFF is up over 50% today... (a whole lot of good that does me.) I wonder what's going on."Trade What Is Happening...Not What You Think Is Gonna Happen"
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Sold BEL for a bit of a loss today.
Just sold my BEL (now BEVFF.PK) for $1.1/shr. It was up 40%+ today, and I couldn't pass that up, especially after seeing it trade for 0.07 earlier this year. Cutting my loss at 95% is certainly better than still being down 99%...
Good riddance to ya, Bennett!
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