We’ve owned OESX for just over a year now. My optimism over the company is the extreme value proposition they provide their customers (as well as an attractive valuation when we purchased) as witnessed by the two following slides from today’s investor presentation.
I am of the opinion energy prices continue to increase and as they do, demand for Orion’s patented products increases. After recent plant upgrades Orion can handle a more than doubling of current revenues before any additional capex is need to expand facilities. The mix makes for a increasing revenues stream off a constant fixed cost basis.