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


To: Chartgod who wrote (6001)10/13/1998 9:55:00 AM
From: REB  Read Replies (1) | Respond to of 7006
 
I think all the interest is over at the Yahoo message board. There have been some enlightening posts there this week concerning the motivation of the Recy opponents. Just as in a rising tide when all boats are lifted, so is the opposite true. If Recy gets through the next two quarters, scrap prices will stabilize and the stock should rebound.

It was interesting to note that one of the Yahoo posts said that there would be no write downs on inventory. Recy must be maintaining quick turns.