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SMS is flying todaty on MEA's #'s...Pure recycling play      5-Nov-09 01:54 pm    
Buy MEA here..this stock is going up

Metalico beats by $0.11, beats on revs (3.86 )
Reports Q3 (Sep) earnings of $0.12 per share, $0.11 better than the First Call consensus of $0.01; revenues rose 46.9% year/year to $91.5 mln vs the $76.2 mln consensus. "All of our operations enjoyed increases in metal shipments and improvement in selling prices during the quarter. Our PGM business experienced significantly higher intake and shipments over the Second Quarter which has carried over into the Fourth Quarter. The average ferrous scrap selling prices of $269 a gross ton was the highest for the Company since last year. Our average realized selling price of $.98 per pound for non-ferrous shipments was also the highest for the year. However, as we expected, Lead Fabricating results were still positive but lower than in the seasonably strong Second Quarter of 2009. Ferrous market conditions and Lead Fabricating operations will likely remain weak for the remainder of the year. The PGM business, which along with non-ferrous scrap metal recycling represented 50% of our consolidated Third Quarter revenue, has stayed firm. We expect that our broad diversification of metals sold through the PGM and non-ferrous sides of the business will help mitigate the anticipated impact of reduced ferrous and lead sales."


Sentiment : Strong Buy
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southernrev...


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SMS is flying todaty on MEA's #'s...Pure recycling play
southernrev... (2 Ratings) 5-Nov-09 01:54 pm  
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Metalico Inc. (MEA)

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On Nov 24: 4.01 0.00 (0.00%)
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