RECY Looking Good... A Message Board

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Non-Tech : RECY Looking Good... A

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To: Dave B who wrote (3672)	1/3/1998 11:27:00 AM
From: Kris Q.	Read Replies (1) of 7006

Dave: I just finished reading the extension request by RECY and agree there appears to be a quarterly loss about to be reported. What do you think caused it? Weren't the two Addlestone acquistions supposed to be accretive to earnings? I suspect there were one-time charges taken in the 4th quarter to "clean up" the financials in preparation for a banner 1998. I find it very unlikely that GE would put its reputation and capital at risk by financing RECY if there wasn't an outstanding opportunity for success. Therefore, a small quarterly loss shouldn't be cause for alarm to long term investors. On the postiive side, revenues increased by 237% to 62 million from 1996. Also, RECY has 9 million in net operating loss carryforwards. When do you figure the final 10K will be released? Kris

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