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WALL STREET SECTION

A Great Long Term Growth Stock - Akin To Selling Shovels To Gold Miners

Posted: Thursday 16 February 2006 - Wall Street Section


We all know that back in the California gold & silver mining boom the safest fortunes were made by the fellas that sold the whiskey, shovels and lumber to build the housing infrastructure etc.

The US company TetraTek (TTEK) could be just one of these companies. It's likely to make some serious profits over the next several years by offering consultancy, engineering and technical services to the following markets -

  • Water quality
  • Environmental restoration and cleanup
  • Defence facility assessment and cleanup

Some Facts On TetraTek

  • Clients are 50-50 private and government
  • Heavily involved in the New Orleans cleanup
  • Most of their business is in the US but the company has offices in Egypt and India
  • Their markets are a giant area for worldwide growth
  • The global energy boom will likely benefit companies such as this just as much as the commodity companies themselves
  • Margins are high in these types of businesses PLUS there is a very limited supply of technical expertise
  • Tetra Tech website

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