Rollins Environmental (REN) Message Board

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Microcap & Penny Stocks : Rollins Environmental (REN)

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To: marquis103 who wrote (11)	11/27/1996 9:20:00 PM
From: Jerry Keba	of 54

I didn't mean to sound optimistic, I just do not believe the assets warrent a price lower than about 1-5/8. I am not optimistic near-term on the earnings. My understanding is that they are trying to get to a cash neutral position which, I believe is about a 6 mill/qtr loss. The cash neutral means they are taking in enough to cover the expenses yet the loss is due to depreciation of assets. I believe they have achieved or are close to achieving this goal (not my idea of a lofty goal). Apart from their efforts in reducing costs and focusing their efforts on customer service, there are some special situations which may help. One is the recent news on importing PCBs from Mexico for destruction at the Coffeyville, Kansas(?) plant. There is a similar effort ongoing with Canada. Second is the possibility of more favorable legistation from Washington. Lastly is a the possibilty of a merger with a larger waste processing firm which needs incineration capacity. None of these special situations are near term, however, I believe some money can be made in playing this stock between $2 and $3.50. JKeba

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