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

To: James Strauss who wrote (4027)	2/11/1998 12:38:00 PM
From: SJ - Stephen	Respond to of 7006

Jim, <<There was an extraordinary charge of $2,414,000 for early extinguishment of debt... That would have been worth another 2 cents net profit... I'm also expecting the economies of scale to benefit the bottom line going forward...>> My take on the above is that they paid off the above debt with the below stated financing from news clip... The Company also completed a $220 million financing in the first quarter which resulted in lower interest costs. The proceeds were used to repay the Company's previously existing indebtedness and to finance acquisitions and working capital Any way you look at this news it is as was discussed on the thread. Looking forward to the second qtr.... SJ