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Non-Tech : RECY Looking Good... A

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To: ENOTS who wrote (5957)10/6/1998 5:42:00 PM
From: SFJayhawk  Read Replies (1) of 7006
 
What was yesterday's press release all about? A little deception perhaps? ...really sad.
James, maybe you can explain that one. I have tried calling RECY the last two days and they have not returned my phone calls. Alex is out of town??? At a conference? What bad timing. I guess it is as good of time as any to abandon this sinking ship.
James, do you still think this is a buy? If so, how come? The company's whole strategy was based upon high scrap prices, rising stock price, etc. Once the company realized that they could not use the shares for leverage, they knew that they were in big trouble. There is no short term relief in sight for this company.
I would suggest people take a look at the Yahoo thread. Bashmaster and Weinerslayer have provided great insight into why this company has been unsuccessful.
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