HotOtc.com – FUEL use to trade at over $4 a share
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Watch List for Monday 8-31-2009
My new big pick is FUEL
As the economy recovers the demand for fuel and other petroleum products will
rise over time.
Many of the huge companies with large fleets of vehicles will need ways to
save money.
FUEL has been providing mobile fueling services to companies for many years
and saving these companies lots of money.
The chart on FUEL also looks attractive, and it looks like FUEL is nearing
some resistance. If it breaks these levels it may possibly break out
bigger.
Chart on FUEL:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=fuel&sid=0&o_symb=fuel&freq=1&time=5
Let me explain the benefits of mobile fueling. Companies save lots of
insurance money by not carrying dangerous chemicals and fuel on site. This
also reduces payroll and eliminates security issues with off site fueling by
employees.
By utilizing FUEL and their services companies can save up to 20% off
traditional fueling costs. Since FUEL buys at a wholesale level and passes
the saving onto customers with a small additional service fee.
Remember, FUEL is not a start up. They trade on the Nasdaq which has
pretty stringent requirements.
FUEL currently has over 4,200 customers.
FUEL also recently went through a $40 mill recapitalization which is suppose
to provide substantial short term and long term financial benefits to the
company.
Aside from their fueling service, FUEL also distributes lubricants and
chemicals. They provide specialty industrial oils and greases which are
high margin.
FUEL also provides natural disaster fueling support. These services are
usually provided under annual contracts or based on availability at the time of
demand.
FUEL currently provides fuel services to the United States Postal service in
some states!
You can get full details on their services at:
http://www.mobilefueling.com/prods_fuel_services.htm
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to lose your entire investment.
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