FIG, ETLY, DrStockPick.com Watch List! for Wednesday September 23, 2009, Fortress Investment Group LLC and ECOtality Inc., ETLY.OB
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My Picks for Wednesday September 23, 2009, are:
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FIG, Fortress Investment Group LLC
FIG is a leading global alternative asset manager with approximately $31.0 billion in assets under management (fee paying) as of June 30, 2009. FIG is headquartered in New York and has affiliates with offices in Charlotte, Chicago, Dallas, Frankfurt, London, Los Angeles, Munich, New Canaan, Rome, San Francisco, Shanghai, Sydney and Tokyo.
**FIG’s Board of Directors elected not to pay a dividend in the third quarter of 2009, to retain capital for potential future investment opportunities and for working capital purposes.
More about FIG at www.fortressinv.com
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ETLY, ECOtality Inc., ETLY.OB
ETLY is a leader in clean electric transportation and storage technologies. Through innovation, acquisitions, and strategic partnerships, ETLY accelerates the market applicability of advanced electric technologies to replace carbon-based fuels.
The global market for electric vehicle charging equipment is expected to become a $1.9 billion annual industry by 2015, in which China is expected to be the world leader in charging station installations with 47.8% of annual sales.
Recently, ETLY signed definitive agreements with Shenzhen Goch Investment, Ltd. (SGI) establishing two joint venture companies in China. SGI will provide $10 million to fund a joint venture with ETLY to manufacture and assemble electric vehicle charging equipment and $5 million to fund a joint venture to market and sell these charging systems in China.
More about ETLY at www.ecotality.com
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Add FIG and ETLY to your Watch List!, do your homework, and like always BE READY for the ACTION!
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Dr. Stock Pick is a seasoned equity trader and financial investor. He’s on the Crown Equity Holdings, Inc (CRWE.OB) financial staff as a professional investment analyst and consultant. He’s syndicated on over 1000 websites www.crwenews.com, www.stock-ir.com giving daily, up to the minute information about stocks, options, currencies and more. www.drstockpick.com email: investor@drstockpick.com
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Tags: Ecotality Inc, ETLY, ETLY.OB, FIG, Fortress Investment Group
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