Advanced Recycling Technologies, Inc. ( http://www.aertinc.com/ ) (AERT.OB) develops, manufactures, and markets composite building materials that are used for exterior applications in building and remodeling homes, and other industrial and commercial building purposes. Its products are made primarily from waste wood fiber and recycled polyethylene plastics. It was founded in 1988 and is based in Springdale, Arkansas.
As of August 12, 2010, the 52 week stock price range was $0.34 – 0.70. As of December 31, 2009, the company had a net income loss of $5,010,000. It had long term debt of $28,661,000 and net tangible assets of $8,997,000.
The company was one of the first polyethylene plastic recyclers in the United States. They have a LEED certified facility in Oklahoma. They have also recently settled a class action suit involving one of their products. They were commended with standing behind the product and making improvements by the plaintiffs. The company openly discloses these facts on their website.
This is a Green Business, but will need to shift away from recycling petroleum based products in order to reach the Basic Green Business level. Currently this is a properly valued business because of its business model and stock price range. However, the high quantity of debt and net income losses are serious financial fundamentals that should be considered risky.
Sources:
Yahoo Finance
Advanced Recycling Technologies Inc website
Gothic Green Blogs and Sites:
http://www.gothicgreen.biz/ The Formula of Sustainable Design
http://www.gothicgreen.net/ Green Social Niche
http://greenbusiness.livejournal.com/ Gothic Green Business Journal
http://www.gothicgreen.info/ Sustainable Concepts and Designs by Gothic Green
