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Appliance Recycling Centers of America Inc. Message Board

  • snds10 snds10 Nov 30, 2012 11:14 AM Flag

    Insider Buying

    Look at the latest SEC filings the CEO is buying shares at these levels. It seems like tax loss selling is has drove this to a price the ceo is buying. I don't remember him buying for many years so this is a good sign. If they can get the bank to sign off on an agreement for the AAP loans this should get an instant pop.

    They could get $1M of carbon credits sold in 2013 or $.20 a share profit. They could earn $.10 on the AAP partnership maybe more. They could earn $.15 on ApplianceSmart. They could earn $.20 on the recycling division. It wouldn't be a long shot for them to earn $.50-.75 next year. People are very worried they won't get the bank to work with them on the AAP loans but I couldn't disagree more. They had a couple bumps in the road but ARCA is in good shape. They will likely draw down inventory in the stores and pay down the inventory loans this quarter. Have more cash available and be looking much better.

    Have a nice day.

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    • Snds, good news on the insider buying. It's unbelievable that the FMV of ARCI is about $7M !! I'm hoping for ApplianceSmart to breakeven ( a bonus would be a few cents a share). Would also like to see AAP get going and at least increase revenue. If the carbon credit market comes back, I agree they could see those for good money. I'm already in big with ARCI, but if I get some free money, I may buy more at $1.30. How much lower can it go? Famous last words--LOL.

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