Hard to know if we'll go up or down short term (buyers seem to be stepping up, so maybe we're headed up).
If the company would stop running plants for its own use, book earning would explode and the stock would spike (JMHO). If you an handle buying and holding until next summer, seems like an easy 50% return or more. This said, don't see much happening for a few months.
A lot of what is going on is that block of 2 million shares that sold for $15.25 per is being bought, sold and shorted to which creates volitility. The REALLY BIG news is that Obama won and the Dems control the Senate, which means that Air Toxics regulations are going to move forward and all those utilities hoping for Romney & Co. to quash them are now up a creek with no paddle except to start ordering BIG Money systems from companies like ADES. RC will eventually gel although it is taking more time than originally projected. A couple of solid news releases about some large orders for mercury/acid gases control and we will be moving uptown again.
merc respectfully think it's more than a need for equip order flow.imo,there's concern about RC credits(note risk disclosures),so what we'll need to get back to where we should be is clarity and visibility on RC front and subsequent earnings/profitability growth,conservative fiscal management/guidance and strict execution in accordance. There are credibility issues now given aggressive 2012 guidance which has been badly missed and nagging suspicion that we don't have a handle on real reason for RC delay.
if they can start ramping up RC plants again in q1 we'll be great,but i doubt market rewards us much for equip orders and/or RC promises...execution,execution,execution