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October 26, 2005

SpeculatingStocks.com Stock Pick: Metretek Technologies, Inc. (MEK)

Stock Price: $4.00


Metretek Technologies, Inc. does business through its subsidiaries, Southern Flow Companies, PowerSecure, and Metretek Florida to provide an assortment of energy measurement products, services and data management systems to industrial and commercial users and suppliers of natural gas and electricity.

For the most recent quarter, MEK generated revenues of $14.03 million with net income of $934,000. The company expects a temporary decrease in net income for the year due to the hurricanes in the gulf. The stock has sold off slightly since the negative announcement, but MEK has held up and is beginning a new trend higher.

MEK is trading at only 1.19 times expected 2005 sales of $41 million. There are only 10.6 million shares in the float.

 
     
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