Wednesday, May 28, 2008

Some other ideas to look at........

First, if you are sold on the fact that oil and energy prices will keep skyrocketing you might want to look into oil/energy equipment and servicers. One that I like is FTK, Flotek Industries. Their principal activities are to supply drilling and production products and services to the oil and natural gas industry on a worldwide basis. They operates in three business segments: chemicals and logistics, drilling products, and artificial lift. Check out the chart below. FTK is trading near its 52-week lows and could be a great growth play as energy continues to become more expensive.



Next, RTEC, Rudolph Technologies looks like a good buy. It is in the technology sector, more specifically, dealing with semiconductors for the solar companies. You can see the levels it is trading at below in the chart. Currently at about $9/share. The annual high is $20/share and the low is $8/share so it is a good entry point. RTECs principal activity is to design, develop and manufacture systems used in semiconductor device manufacturers. These solutions enable semiconductor device manufacturers to improve yields and reduce overall production costs. As long as energy costs keep rising, people will continue to emphasize the need for and turn to alternative energy plays. With that said, RTEC is in a great position to help service the solar panel manufacturers and to benefit for the energy crisis, for lack of a better term.

I would suggest taking a look at these and developing your own opinion. These aren't recommendations and I'm not saying "BUY BUY BUY" like Jim Cramer on CNBC, I just wanted to point out some ideas that you can start looking at to possibly spark your interest in certain investments.

As always, good luck and feel free to comment or submit questions.

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