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

To: DENNIS TULLY who wrote (6774)	6/1/1999 3:59:00 PM
From: James Strauss	Read Replies (2) \| Respond to of 7006

Dennis: RECY has some pretty smart people in their management group... I'll bet they are considering all possibilities... The sale of those 8 or 9 sub companies was a positive sign... I remember when Chrysler was selling off parts of their business, including their profitable Military division, to stay afloat... Once things stabilize RECY can get back to growing the business... Jim

To: DENNIS TULLY who wrote (6774)	6/1/1999 11:28:00 PM
From: Mahatmabenfoo	Respond to of 7006

> I say: "MERGE" why? The profitable parts -- if any -- of RECY would be picked up, and the rest sold or taken apart, and either way RECY shareholders would get NADA. You're thinking RECY could sell off it's worse assets and merge the rest in a stock swap. Not likely. And how can you at this stage place your faith in consolidation, when RECY is proof that system doesn't work? PRINS (Prins Recycling) is a somewhat similar story to RECY -- high flyer in waste management, used its shares to buy lots of regional operations, looked too big to fail.... then a change in prices, Chapt 11, and a merger. And the PRINS shareholders got.... NADA. One difference: in PRINS in its initial months after Chapt 11 had a real, if low stock price -- 60 cents became 50 cents became 40.... and ultimately nothing. But RECY is basically at -0- now -- it's price is too low and the shares are too thinly traded for there to be said to be a market at any price. - Charles