Amit Chokshi

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Metalico Hasn't Lost Its Luster

correction volume dried up - volume slows, price follows, margins for MEA could fall because they are not really any different from the other cos mentioned in my previous reply
Aug 21 14:05 pm |Rating: 0 0 |Link to Comment |View article
Metalico Hasn't Lost Its Luster

MEA is interesting at the right price, you do realize the stock sold off after its Q2 because volume has driven up? These guys are not pure recyclers, they play the metal pricing wave, they've got a few acquisitions that they need to integrate which should allow them to scale better but from a valuation perspective it's not the compelling. CMC, MM, SCHN are all down and all do the same thing in terms of scrap metal recycling. The best play in the sector is really IDSA.
Aug 21 14:04 pm |Rating: 0 0 |Link to Comment |View article

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Amit Chokshi

Comment Stream » MEA

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Metalico Hasn't Lost Its Luster

Metalico Hasn't Lost Its Luster

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