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Non-Tech : RECY Looking Good... A

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To: David Graham who wrote (5254)7/7/1998 10:42:00 PM
From: James Strauss  Read Replies (3) of 7006
 
Grammy:

Nice of you to stop by... : >

We've had a confluence of recommendations for RECY in the last 30 days... It was interesting that one day after I did an EBITDA valuation of RECY that placed the stock value on a buyout at about 16.50 to 18.00, Dorsey Wright came out with an almost identical recommendation in the 17.00 to 18.00 area...

I liken this to a pot of boiling water with the cover securely sealed... Sooner or later the pressure will force that cover upward... I expect the same thing to happen with the RECY stock price... Too many positive things coming together for the stock price to remain where it is...

Jim
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