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

To: Sandra who wrote (4991)	5/18/1998 6:48:00 PM
From: James Strauss	Read Replies (4) \| Respond to of 7006

The Conference Call... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The Highlights... * Revenue increased 447%... * 800 Million to one Billion Revenue Run Rate still on target... * They have 310 million dollars available from existing credit sources * Another 50 to 70 million dollars is available if needed... * When corporate bond rates come down they will reconsider the bonds.. * They are addressing Y2k software and embedded chip concerns... * Centralizing accounting functions... * Going to national markets to save on energy costs... * Inventory turn increased from 6.9 to 10.2... Targeting 12.0 turns... * 20 Billion dollar recycling market... RECY wants 15 to 25%... ********************************************************************** There were some big name Brokerages represented... Here are some... BT Alex Brown AG Edwards Merril Lynch Of specific significance was the Merill Lynch analyst (Glen Berkley) Congratulating RECY on a good job done... And when referring to the depressed stock price, he said "We'll get the stock price on the right track"... Interpret it any way you want to... Tom Wiens said they expect additional analyst coverage soon... I didn't get a chance to ask the question about Buy vs Lease on new Eqpmt or Revenues per Employee... I left a message with these questions... Overall, it was a positive Conference Call... But, I didn't come away as enthusiastic as I did after the First Qtr Conference Call... Regardless, RECY remains a long term holding in my portfolio... Anyone else listening to the call is welcome to add their interpretations... Jim