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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE

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To: Sergio H who wrote (2181)2/11/1998 2:23:00 PM
From: James Strauss  Read Replies (1) of 2377
 
RECY Conference Call...

All:

RECY is getting more and more respect...

The Conference Call covered the usual financial info... Here are some highlights...

* Revenues up 191%
* Gross Profit % up 30.3%
* Operating Income % up nearly 1000%
* EBIDA up 103%
* Stockholders Equity up 289%
* Current Ratio 4.6 to 1

There was a real difference in who participated in this Conference Call... It was a
Who's Who of brokerage firms:

Alex Brown
DLJ
Morgan Stanley/Dean Witter
Deutche Bank
UBS
Oppenheimer
and many others...

UBS specifically congratulated RECY management on the successful
execution of its Business Plan...

Yours truly got confirmation that the second and third Qtrs will be more reflective of
bottom line Earnings growth...

RECY Mgmt is determined not to dilute shares in order to carry out its Acquisition
Plan... It intends to use a mix of about 70 to 80% debt vs 20 to 30% equity to finance
the deals... RECY Mgmt wants to see the stock price much higher before any serious
use of equity in the Acquisition deals...

Flash... I'm trying to confirm that RECY will release its second Qtr numbers in April...
That's right, April... If this is so, they must be pretty confident about the numbers they
are seeing since January 1st... : >

I feel more strongly than ever that "RECY For The Long Term" is making us wealthier
over time....

Jim
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