What?
According to Wikipedia: R-22, also known as “freon”, is a hydrochlorofluorocarbon (HCFC). This colorless gas is commonly used as a propellant and refrigerant. R-22 is being phased out in developed countries due to the compound’s ozone depletion potential (ODP) and high global warming potential (GWP). Due to UN regulations, R-22 production will be completely phased out by 2020, with new supply tapering down between now and then.
While most new air conditioning (HVAC) units and refrigeration equipment is manufactured to use alternatives to R-22, millions of existing systems remain in place – this installed base will “need” R-22 long past 2020.
That’s why I see such an opportunity in this NASDAQ-listed company, a stock trading under $3.50 that has been in an upsloping channel for a decade!
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