Hmm ...I was going to write something really long, but don't need to.
Hudson earned windfall profits in 2012 due to R-22 prices going up. The virgin allocation for 2013 is above that of 2012, and for 2014 is about the same. The windfall profit won't repeat this year or next. I mean I guess maybe it might if a 2012 supply shortfall was being met by hoarders finally selling/using that pallet they'd socked away in 2008 ... but who knows?
The longer term story is still speculative. Yeah, I see that R-22 is heading for, I dunno, $20/lb. But why, supply-chain wise, does the reclaimer get half of that? And what really are the barriers to entry? And R-22 reclamation is a melting ice cube anyway.
I'm disappointed in the news, because I thought HDSN had a good shot at running to $7.50 in the short term, which would have been great for me since it way my largest position.
Anybody got any primary research to justify owning HDSN at the current price?