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


To: wpckr who wrote (5922)10/1/1998 5:01:00 PM
From: Siber  Read Replies (2) | Respond to of 7006
 
I hate to burst bubbles with regards to RECY...but this company is doomed. Poor management....deeply in debt....low cash reserves....late financial reporting....CPA Firm has resigned.....overvalued inventory....and not enough capacity to cover interest cost....a president that has gone out and borrowed money at 13%....junk bonds in a junk company....how appropriate.

For those that are bullish on RECY may I suggest taking a look at neurx.com here you will find why you are mistaken about this company and its prospects.

Just my opinion, but I have been following this stock since November of 1997 and things just seem to get worse every month.



To: wpckr who wrote (5922)10/1/1998 9:31:00 PM
From: James Strauss  Read Replies (1) | Respond to of 7006
 
Wpckr:

I think RECY will buy back shares at this low price... I think insiders will buy more shares in the open market... I don't think RECY will go out of business... While RECY can't turn back the tide of worldwide deflation it does have the management talent to make the best of a bad situation... RECY should be able to Acquire companies for a much lower EBITDA multiple... Perhaps they can also retire their short term 13% debt for 8 or 9%...

Jim