"You don't have to look far beyond the recent news to see the dangers and costs of the energy we depend upon."- AEHI CEO Don Gillispie
Very well stated, Don.
How will the recent disasters in Japan affect AEHI's business?
One answer can be found in the Company's own annual report, the 2009 10-K, on page 19:
"A nuclear incident anywhere in the world could revive nuclear plant opponents."
"While there is a global renaissance underway for nuclear energy, its current popular support could evaporate quickly. It has been 30 years since the Three Mile Island accident and 20 years since Chernobyl. These events are gone from the memory of most citizens, but a new incident could reawaken old fears and raise public opposition. Public opposition could lead to political opposition and failure of regulatory agencies to grant necessary permits and licenses."
Now that we have seen exactly what happened to Japan's nuclear power plants after an earthquake in excess of magnitude 8, it is entirely possible that current nuclear plant safeguards and assurances will be called into question and possibly reevaluated to insure they are as safe as has been continually claimed.
Meanwhile, public and political support will probably evaporate quicker than the seawater being poured on the melting reactor cores in Japan.