Good morning Broad Street,
MagneGas Corporation (NASDAQ: MNGA)
MagneGas Corporation is in a hot topic industry, waste to energy. They sell industrial gas and we believe this industrial gas company is about to catch fire.
MNGA is a company that produces hydrogen-based fuel through the gasification of carbon-rich liquids and liquid wastes. The Company has two products: a fuel called MagneGas (and its new MagneGas2) and the machines that produce that gas known as, Plasma Arc Flow System. The Company also produces gas bottled in cylinders for the metalworking market as an alternative to acetylene. MagneGas has proven to be cheaper, use less oxygen, produce less residual toxins and cut steel better than conventional gases. MagneGas2 can cut 2″ thick steel at the rate of 18″ per minute, 38% faster than acetelyne. The company distributes its products through established industrial gas companies in a growing number of states. The company is also persuing opportunities in Asia, Haiti, Africa and elsewhere. In August the company filed applications for several patents and trademarks covering its technology and intellectual properties.
MagneGas is also taking steps to get its company profile in the marketplace such as The 60 second CEO Clip that was produced by BTV-TV that ran on the Bloomberg network the week of September 14th http://www.b-tv.com/magnegas-corp-ceo-clip/ . The company further annouced last week that MagneGas has been selected for use in Fire & Rescue Steel Structural Collapse Training that occured last week in Clearwater, Florida. http://finance.yahoo.com/news/magnegas-selected-firefighter-steel-structural-120000877.html
The experts tell us that the worldwide market for industrial gases was at $38 billion in 2011 and will grow to $58 billion by 2018. Economies around the world that are experiencing growth are using industrial gases to produce goods and infrastructure. On a more relatable note; every shop, everywhere uses acetelyne, even if its just for maintenence.
MNGA doesn’t seem to have caught the attention of investors yet which is good news for those wanting to buy in now. MNGA trades about 318 thousand shares a day. Maybe the investment community hasn’t noticed the ramping up of sales figures: $678 thousand for the year ending in 2012, $989 thousand for the year ending 2013, $1.02 million for the year ending 2014 and for the first six months of 2015, ending June 30th, sales are already at $1.13 million. How often do we see a company that has generated over 300% organic growth in such a short period?
So what sets MNGA apart from all the other small-cap equities you’ve been lookin at? Look at the points made below and consider how many stocks selling for around a $1.00 have these attributes.
New patent pending technology that turns sewer water and other waste liquids into fuel.
The technology works.
The products and technology are selling.
The company is in rapid revenue growth mode.
As of June 30th they had $4 million in cash on hand.
In May of this year MNGA hit a YTD peak of $1.50 per share, presumably due to the good news about the first quarter revenues of $546 thousand. We believe that the metrics that inspired the $1.50 price in May are apparent in due diligence performed on the company now. A high investor interest level now, could result in a rapid rise in the share price, just like it did in May. Beyond the bounce we anticipate now, MNGA could also be a nice long term hold and we anticipate the share price should grow in step with the company. MNGA won’t remain a hidded gem for long so we wanted to get it to you at today’s prices.
More analysis of MNGA will be forthcoming this week.
Your partners at Broad Street
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