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

To: James Strauss who wrote (4084)	2/12/1998 6:11:00 PM
From: Phil Jacobson	Read Replies (1) \| Respond to of 7006

Jim, Saw your comments about RECY on the APCO thread and finally decided to come over and check it out. Wish I'd done that two days ago!! The chart and everyone's comments look extremely promising. Did you get in around $2? Just have a couple of questions that I hope you can answer to save some research time. In your opinion, why did the stock tank during 1996? How would you characterize the acquisitions that RECY is completing? I saw a note on Baseline that three buyers account for nearly 50% of company revenues. Ferrous scrap accounts for more than 65% of net sales. Will the acquisitions diversify the risks of this heavy dependence on specific buyers and ferrous scrap? Are you concerned about the level of long term debt that is accumulating due to the acquisitions...ie, do you see any risk of falling operating margins that are needed to pay the debt service? From your other posts I've come to respect your opinion. Hope you can help. If the fundamentals are in place I agree this stock looks ready to pop to the mid teens, at least. Thanks, Phil