Topic: How To Invest

Pat: What do you think about the prospects of Wavefront Technology? Thank you.

Article Excerpt

Wavefront Technology Solutions, $0.75, symbol WEE on Toronto (Shares outstanding: 82.8 million; Market cap: $62.1 million; www.onthewavefront.com), develops techniques and tools that help oil companies get more out of their wells. It also removes pollution from groundwater. In early 2009, the company changed its name from Wavefront Energy and Environmental Services. Wavefront’s main technology is called Powerwave. This system generates pulses of pressure that momentarily expand rock and soil pores and improve fluid flow in the ground. In addition to oil, the system can be used to distribute chemicals that help clean up contaminated underground sites. Powerwave is marketed to environmental clients as Primawave. In the three months ended November 30, 2011, Wavefront’s revenue rose 27.8%, to $1.1 million from $869,672 a year earlier. The company lost $0.01 a share, compared to a loss of $0.02 a share. It holds cash of $23.4 million, or $0.28 a share, and has no debt. Wavefront continues to add new customers. It recently signed new contracts…