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

To: Duke who wrote (5266)	7/8/1998 12:27:00 PM
From: James Strauss	Respond to of 7006

Duke: Absolutely right... 5 1/2 has been a great support and buying area... The new person that RECY brought on board to handle the Non Ferrous part of the business is good news... Non Ferrous represents about 24% of the total revenues... It also has higher margins... I think we can look for RECY to increase this very profitable share of their business in the Qtrs to come... They are also getting more involved with Aluminum as part of their Non Ferrous recycling... Just a 1% increase in net income on 500 million equates to about .25 per share... On a billion, .50 per share... So, I think we should watch this Non Ferrous area very closely... Jim