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

To: James Strauss who wrote (6102)	11/18/1998 2:00:00 PM
From: Wally Mastroly	Read Replies (2) \| Respond to of 7006

Jim, A competitor (MTLM) misses earnings estimate by about 100%: biz.yahoo.com On a more positive note - a quote from the release: "..'We are seeing indications that prices for scrap metals are firming in some of our markets..." Also, I noticed in Dec. issue of SmartMoney, MTLM mentioned in the "Underachievers Club" column (the SmartMoney links do not include this article under the samples from the published version). From the article: >..THE FACTS:This is the case of a poorly timed recommendation on a poorly timed company. Saloman Smith Barney's Michelle Applebaum put a buy on Metal Management when its shares were at $20. The company had been created to consolidate the U.S. scrap metal market, but scrap prices fell due to a flood of cheap Asian steel. And MTLM's once voracious buying spree is on hold while everybody waits the crisis out. Shares are down to $3, but Applebaum still says buy. THE RESPONSE: "The Asian market has been much worse than expected, " she says. "It's a very tough environment, but this will probably be one of the best stocks in the metals universe in the next 12 months, at least a double and probably a triple."....< Perhaps we can extrapolate these comments to RECY as well? Any feel as to which one, RECY or MTLM, might be the better investment from this point on. Comments/reaction from anyone will be welcome. Thanks Wally M.