Stockprowler's wild card pick for January 2006.....
Plasticon International, Inc.-Pink Sheets: PLNI - Closing Price Friday 1/06/2006: $0.0056
In the 1967 film, The Graduate, a young Dustin Hoffman is worried about his future. He is advised by a family friend to take a look at "plastics". Nearly 40 years later that advice might now be "recycled plastics." The rising trend in the price of steel over the last 2 years has had a significant impact on the construction sector and has been a hot topic in the industry. According to a recent article in the Miami Herald, steel is increasingly becoming a precious metal in the American economy. Thanks to a billion dollar a year appetite for scrap steel in fast-developing China, a rebounding U.S. economy, and a weak dollar, steel prices have skyrocketed and supplies are short.
So what has this got to do with recycled plastics you ask? According to Jim Turek, CEO of Plasticon International, Inc., "We certainly believe that the rising price of steel is one of several major industry trends that is helping Plasticon achieve success with our plastic rebar support product line… Our domestic distributor, the largest building materials distribution company in the U.S., has noted that demand has been increasing steadily. We believe that the dramatic rise in the price of steel over the last year and a half has made construction companies look harder at other options, rather than relying solely on steel products. And when they see what Plasticon has to offer, they realize that our innovative products are not only more cost-effective, our cutting-edge engineering also gives the end user a much better product, which is stronger, much easier to install, more versatile, and offers the most advanced design and engineering product line in rebar supports ever to be offered in the marketplace."
"...for the rest of the post see.....: Message 22040574
If you don't own any PLNI, the BIG RECO for the following month is a box of Puffs with the nose lotion....
. |
