We noticed an article titled Buffett's Bet Sits Out Battery Rally. The article mentioned that it was a strong performance week for Energy Storage and Battery Technology stocks, with few exceptions.
Admittedly, this is a market segment that we had never really heard of, but it did pique our curiosity about some of the companies mentioned in the article. So being the inquisitive individuals we are, we checked out a few of the mentioned companies.
The Companies
First up was Ener1, Inc. (Nasdaq: HEV) a company that designs and manufacturers lithium-ion batteries. The company recently partnered with Russia's Federal Grid Company to develop energy storage opportunities which we think is sort of like saying a guy with no underwear walked around all day with his zipper down.
While we weren't very impressed you could be. To download the Ener1 worksheet, please click here.
Next on the list was Polypore International, Inc. (NYSE: PPO). What we found so curious about this company is that they make filtration membranes, or so we thought. But surprise surprise, the company also makes membrane separators, an item critical in the manufacture of lithium and lead-acid batteries. Of the companies we looked at, this was the only one that had a Reasonable Value Estimate greater than zero.
To download the Polypore International worksheet, please click here.
This brings us to Valenace Technology, Inc. (Nasdaq: VLNC) a company that we honestly thought was a start-up, only to find out that the company was founded in 1989. The company comes very very close to having a Tangible Book Value, but not quite as close when it comes to its technology, which we finally decided, must not be very unique, explaining why the stock is trading under $1.
To download the Valenace Technology worksheet, please click here.
The last company with breath taking lithium-ion technology was A123 Systems, Inc. (Nasdaq: AONE), which we finally agreed, was just another retread of all of the rest of the companies mentioned in the article. The company does have a Tangible Book Value of about $5.00, but really doesn't make any money. With such a catchy company name, we think longer-term investors might be better served just investing in any company from Nebraska that makes socks.
To download the A123 Systems worksheet, please click here.
Final Thoughts
She stood in the doorway listening for the feint buzzing sound, keenly aware of just what it would mean. Straining, the sound simply could not be heard. She stood still, every fiber aroused, every hair on the back of her neck standing up, every one of her senses operating in high gear.
Finally! There it was, the low slow buzzing sound she had been anticipating, finally he had put all of the clues together.
She crept toward the bed, not making a sound, anxious to arrive unnoticed, in a deft attempt to become one with him, to experience the firmness she knew was there.
At last she arrived at the bed and with one continuous motion arrived atop of what she had been craving all night.
Startled, he reached out to find her already working to become prone on the object of her desire, the need now so great.
He looked at her and extend his arm. I hope the fan doesn't keep you awake, it took me a while to find the battery, but don't fret, the power should be restored in a few hours.
But by the time his words were out, Constance had curled up on his stomach, and purring loudly, fallen into a contented sleep.
Wax
