ESLR will go UP
$3.15 on 4/23/09
$1.26 (-42.47% from time of market call)
President Obama is all about trying to stimulate the economy. He just might crash the government trying to stimulate the economy. But look at it this way, energy sector investors should be jumping for joy at this stock. Obama's stimulus package calls for $25 billion is bound to lead to some jump in ESLR stock price. If for no other reason, the confidence that profits will rise will become the basis for this jump in stock price. An analysis by Merriman Curhan Ford's, Craig Irwin also suggests a buy rating for ESLR due to it's Q3 earnings last year and it's projected spending in Q1 & Q2 of 2009. I believe that ESLR is a safe buy in an extremly risky sector.
one4thetask
