[GBlist] <advisory> Investments in Green Companies

["Bion D. Howard" <bdhoward@ix.netcom.com>]

Greetings green design and builder folks:

I have never done this before, but am going to make observations about two potential investments in this cranky stock market.  Yes !!  I know the green building list is not a "stock touter" service, so if you must flame me = be kind...

Note: by way of disclosure I do own positions in both of these issues.  
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a)  Interface Inc.  <http://biz.yahoo.com/p/I/IFSIA.html>  Now trading below book, OK sales, recent stable earnings. Upgraded by some analysts, little insider selling.  Interest rates remaining low would help.  Downside risks include:  kind of a lot of debt, potential dropoff in commercial building and remodeling if economy double-dips, cost of capital rising for smaller companies.  

b) Astropower.  <http://biz.yahoo.com/p/a/apwr.html> (earning's report 8-1-02)  Trades at relative low multiple to peers, only a little debt, recent turn to profitability, new projects for PV on affordable remodels, good prospects of PV systems on builder homes.  Downside risks: possible falloff in housing market, lower energy prices, highish PE, cost of capital rising for smaller companies.
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Note: do not even consider these investments if you don't have a 3- to 5 year time horizon, and never invest more than 5% of your total capital in one issue.  Might be good considerations for IRA or 401(k) plan.  Not high flyers, just good green companies with considerable potential.

Thanks for your consideration,  Bion






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=(O) =    Building Environmental Science & Technology
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