Bio Extraction Inc. is one of the most exciting new stock ideas I've had in awhile.
It's a small Canadian company in the agriculture sector, with some very big plans. From Business Week:
"Bio Extraction Inc. (BXI) focuses on the extraction of oil and high-value proteins from oilseeds for the global food market. Its patented technology allows for the use of lower temperatures than conventional methods in extracting the active ingredients and oils from oilseeds, resulting in higher yields and higher-quality meal, oils, and proteins. The company operates a commercial scale extraction facility in Saskatoon, Saskatchewan, and intends to construct additional processing facilities. Its target markets include agriculture, alternative energy crops, pharmaceutical, and nutraceutical."
To dumb it down to my level, BXI squishes the oil out of canola and then separates the protein from the oil. And they found a cheaper way to do it than other companies.
When researching a new business, I read everything I can about the upper management (CEO, CFO, etc.). The president of BXI is not a slick sharkskin-suit wearing salesman type. He appears to be a solid business guy, with a little Saskatchewan farm boy in him. I like that.
Here's a BNN video from early June with BXI president Christopher Carl. Amanda Lang does an excellent interview, asking all the questions I would have asked as a potential investor.
Every time I watch this video I get the urge to buy more of this company.
*As usual, I am not your financial advisor so get off your lazy butt and do your own research :)
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