In the stock market, as in life, only the strong survive. Reality can be a tough pill to swallow, but the facts don’t lie and lately the stock market has been unkind to investors; however, experience tells us that this will pass. Nevertheless, it is a tough time to be an investor.
While historic blue-chip stocks have taken it on the chin, one company has had a recent surge that has investors running to the bank; that company is Converted Organics, Inc.
Converted Organics has taken the waste problem in the U.S. and turned a negative situation into a positive. Statistics indicate that over 230 million tons of solid waste is produced in the U.S. each year. Food wastes comprise the third-largest waste category, with more than 25 million tons per year. Despite the excessive amount of food waste, this type of waste is generally not recycled, however, Converted Organics has developed a system that will help with this problem.
Converted Organics is dedicated to producing a valuable organic biostimulant through waste recycling. The company uses state-of-the-art technologies and creates a product that helps farmers and gardeners produce healthier food crops and allows land owners to grow beautiful lawns while improving overall environmental quality. Converted prides itself on the fact that the company’s recycling facilities have no negative environmental impacts on host communities, and the projects bring a multitude of benefits to the communities in which they operate.
What has the business world talking is the current trend of Converted Organic’s stock price. On August 25th, the company’s common stock (NASD: COIN) was trading in the $3.55 range. As of 10 a.m. this morning, Converted Organic’s was trading at $7.74. While this in and of itself is something to be proud of, the company also has their A Warrants (COINW: NASD) and B Warrants (COINZ: NASD) stock beating the market trend. With the market in disarray, one has to ask what is making Converted stand out from the crowd.
To tackle this question, we had a chance to sit down with Edward J. Gildea who is the president and CEO. Here’s what the company’s leader had to say:
QS: With the recent decline in the stock market, what do you attribute to the success of your stock price?
Gildea: We have a great business model. We’re part of a new economy and also have a small float and a limited number of shares, which can have a major impact on stock prices.
QS: Where do you see Converted Organics heading in the next decade?
Gildea: We plan to have constructed facilities at or near many major urban centers where there are food waste issues. We also expect to be one of the first big players in the organic fertilizer market which will be beneficial to farmers and anyone else who tries to grow things.
Gildea has over 20 years of success in the business world and has formatted a game plan to take big and small companies alike to the next level. The grass certainly looks green when discussing the future of Converted Organics, Inc.
Let us hear your thoughts below: