The Investment Reporter, in its March 20, 2015, issue, refreshes its buy of Kelso Technologies Inc., recently $5.54. The Reporter first said buy on Oct. 24, 2014, at $6.55. A $1,000 investment at $6.55 would now be worth $832. On Dec. 2, 2014, the rail tank car equipment provider won its first 100-tank-car-unit order, featuring its pressure relief valves and one-bolt manways. The Association of American Railroads has approved Kelso's pressure relief valves after a two-year field trial. Kelso plans to profit from the high demand for rail tank car equipment expected to occur over the next 10 years. Despite the drop in oil, Kelso is filling the demand for sectors such as the chemical and fertilizer industries. In the first nine months of 2014, Kelso earned $3.6-million or seven cents a share on revenue of $17.1-million. This was up sharply from earnings of $300,000 or one cent a share on revenue of $8.2-million last year. It will likely earn 69 cents a share in 2015. Debt-free Kelso has paid a first dividend of one cent a share for a yield of 0.2 per cent. It is a risky buy for big potential price gains.
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