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

To: James Strauss who wrote (4897)	5/12/1998 8:17:00 AM
From: Brewmeister	Read Replies (1) \| Respond to of 7006

All quiet as we patiently wait. GOOD MORNING!! Time to wake up again. Regards, Dan

To: James Strauss who wrote (4897)	5/15/1998 6:03:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 7006

Why RECY Didn't Do The Finance Deal... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I spoke with RECY today regarding the change of mind on the 250 Million bond deal... The corporate bond market rates increased more than 1 point in a short span of time... The resultant rates would have been higher then the rates of the debt RECY wants to retire... So, while the decision may have not looked good politically, it makes sense economically... When Bond rates drop, RECY will be able to do the deal... We've now had two examples (Mindis and Bond deal) where RECY makes the right decision, albeit unpopular, until the facts are known... In light of these facts... If you liked RECY at 7.00, you should really like it at 6.00... Jim