Also from the same source:

• Excluding this quarter’s gain of $3.0 million from debt extinguishment and $613,000 in non-cash fair value adjustments, income from continuing operations was $.06 per diluted share, unchanged compared to $.06 per diluted share before the impact of a non-cash fair value adjustment that added $8.3 million or $.19 per share last year.

In other words, MEA made as much in this year's Q3 as in last years Q3. MEA is seeing improvement in its markets at this time (and left room in the press release for a lot of improvement in its ferrous metals operations) - whereas in last year's Q3 we were headed into the perfect storm (which lasted from November to April or so). In Q3 2008 we went from $15.00 to below $5.00. This quarter we will see a major recovery of MEA's stock price.