Home > News > Mad Scientist Stock Has Potential, says CEO Buy Signal
June 28th, 2007
Mad Scientist Stock Has Potential, says CEO Buy Signal
In essence, tiny Nuclear Solutions is a kind of think tank where people are encouraged to develop ideas that seem far out - I suppose because those are the ones that can surprise you the most by coming out of left field to solve a problem. So naturally, you're going to read about stuff that seems so whacky, it's tempting to turn the page.
But because of the insider buying, I wouldn't. Though Nuclear Solutions hardly has the same track record, you might think of it as a miniature 3M (MMM) -- that is before the Six Sigma consulting fad popularized by Jack Welsh sucked the spontaneity and creativity out of it.
Instead of Post-it notes, Nuclear Solutions focuses on developing more sober products and technologies that might be useful in areas like homeland security, defense, synthetic fuel production, nuclear cleanup, and nanotechnology.
The insider signal I am talking about is the $320,000 worth of buying by chief executive Patrick Herda at 69 cents a share, and at 52 cents, in May and June. The lion's share of his purchasing was done at the lower price on June 21, according to InsiderScore.com. The stock recently traded for 56 cents. Herda is a Drexel University graduate who worked at private sector nuclear research before joining Nuclear Solutions in 2003.
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