Q: is there a hope for Anaergia to come back to live after their recent strategic Investment plan?
5i Research Answer:
The tax credit sale and equity investment will go a long way into buying the company time and keeping the lights on. These are very good moves for a company that was swirling down the drain. That being said, ANRG will still have significant debt and significantly negative cash flow. 'Surviving' is not the same as prospering. We would consider it 'watchable' to see how the new strategy progresses but would still consider it extremely risky and not at all attractive.