I believe Green Earth is now reasonably priced and is worth accumulating. I will continue to buy on further weakness. Although it is still trading at a fairly lofty valuation GETG's market place is a good one and the company is making all the right moves to rapidly grow into its valuation. Given the markets love for fast growing green stocks I don't believe we will see a drop in price to attract the bottom fishing value investors. If GETG continues to hold the focus of Eco-Friendly and momentum investors this could be the last chance to get aboard at anything that looks like a reasonable entry price. I will recommend its sell, however, if it again trades with a $4 handle prior to posting at least $10 million in quarterly sales.
I recommend reading the companies recent PRs regarding new hires and strategic partnerships.
Remember, I am a monkey and know nothing. You shouldn't take a monkey's investment advice rather please do you on research and I would like to hear your thoughts. Especially if you disagree. If you agree with me your opinion is obviously less valuable to me.
$2.34 (07/23/08)
