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Converted Organics, Inc. (COIN) Stock Price Remains Afloat In Troubled Market
Shares in all sorts of companies, whether green or not-so-green, have been affected by the current market turmoil in the US. However, as QualityStocks.net notes, Converted Organics is one of the few companies whose stock price has remained afloat in the troubled market. On August 25, Converted Organics stock was trading at $3.55. Yesterday, they were up to $7.74/share.
To try to get to the bottom of this mysteriously good performance, Quality Stocks interviewed Edward J. Gildea, the president and CEO:
QS: With the recent decline in the stock market, what do you attribute to the success of your stock price?
Gildea: I feel we have a great business model. We’re part of a new economy and we’re also part of a small slope and that can have a major impact on a stock.QS: Where do you see Converted Organics heading in the next decade?
Gildea: We plan to have construction facilities at or near all urban cities 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 who else who desires to grow.
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