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Non-Tech : RECY Looking Good... A -- Ignore unavailable to you. Want to Upgrade?

To: Dave B who wrote (3672)	1/3/1998 5:11:00 AM
From: majormember	Read Replies (1) \| Respond to of 7006

Jim Strauss: "I missed the DEC 29th filing(request for extension), the preliminary(YR SEPT 30) numbers are not so good. Has everyone seen this on EDGAR. "Operating income for the YEAR of 1.4 million(2.1 after 9 months) which means after everything is taken out we are looking at a solid loss. Revenues came in at 62 mil for the year. I can't believe this slipped by..." I'd like your take on this previous post... Regards, Skane

To: Dave B who wrote (3672)	1/3/1998 11:27:00 AM
From: Kris Q.	Read Replies (1) \| Respond to 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