Gfet

[Rod]

I'm thinking GFET may become a viable "buy-n-hold" with the new energy bill that recently became law.

In a dramatic shift to spur increased demand for nonfossil fuels, the bill also requires a six-fold increase in ethanol use to 36 billion gallons a year by 2022, a boon to farmers.

http://www.cnn.com/2007/POLITICS/12/18/congress.energy.ap/index.html?iref=newssearch

The process, developed by Meridian Biorefining, converts non-food biomass into a very fine powdered cellulose that a university study confirms produces far better results when processed into ethanol. Gulf ethanol owns the exclusive rights to this breakthrough technology for the processing of ethanol feed-stocks and will partner with Meridian Biorefining for engineering, design and implementation of the technology.

http://www.businesswire.com/portal/...5709&newsLang=en&ndmConfigId=1000618&vnsId=33

GFET share price is currently 1.67

Thoughts?

 

[Show-me]

I like the idea, but it seem overbought considering it just came off of $1 per share a month ago.