CERP is running up 25% 52 Week High $1.25 Near the Low and here we go!
If biodegradable plastic is the plastic of the future then CERP stands to make a bundle! The stock is really beaten down as two large customers overseas defaulted on payments in the million dollar range almost sinking the company. But just weeks ago current debt holders agreed to a waver until Dec 2013 to give the company a chance to restructure. Now that the company is leaner and quicker to react to changing market conditions they just announced last week another new sales contract and plans to open a new plant in Europe. Global sales in Asia, Europe, and North America this company might go back to dollars from the mere pennies on the dollar it currently trades for!
Good luck to you no matter what your invested in~!