Goldman just increased its estimates for Iron Ore for 2014. This will be positive for all metals and recyclers. After year end tax selling MEA should be moving up. Any news will push this over $2
Regardless of what the numbers are Management is still going to Tee this up for a sale. They have cleaned up the accounting mess and executing a turnaround. Any dip will be short and any beat will fuel this through $25. The valuation is a mystery but based on last years parabolic rise three times higher than the present this could be a gem for the patient.
Activist Whales are frothing over 29% shorts and are about to add to there Johnson and Johnson position who make Astroglide which the shorts will be breaking out soon.
Bullish flag formation, breakout is about to go. We need some kind of news to fuel this. Anything positve should put it though $2.00. Its still trading way too cheap compared to peers. $3.50 book value, who's the strategic buyer for this?
The group is still strong and MEA is trading at less than 1/2 BV. Just a matter of time before analyst upgrades or buyout chatter starts. Any news wil fuel the price through 2.00. This is a bottom, insiders starting to nibble. Great time to add before the storm
I would hold out a while. It bounced off its 50 day and holding through the golden cross 50 and 200 day, very bullish signs. The group has been hammered and metal pricing is improving all showing better top and bottom lines. More analyst will follow Goldman upgrades, MEA could blow through $2 fast. and it takes just one merger to fuel the group, consolidation coming.
Significant beat in a improving group means analyst upgrade coming. The group should continue to get some consolidation and MEA is fly #$%$ in the pepper size company. Here comes SCHN or CMC for $3.50 per share!
Bad news baked in so any beat will push the stock. Goldman loves the group and see's increasing margins across the board. Other upgrades coming after earnings. MEA gets through $2 by December 1.
The recycling group earnings have been beating top and bottom lines. MEA filling in right here for a great buy point. It will follow the group after earnings and move up another leg to $2.00. Dont be alarmed by the weak price action the volume is light. This is a sleeper short and long term play that will reward, trading way well below book value. May be a buyout opportunity for a stratgic, start adding now.
how completely stupid do you look on this site? Up 25% in a month is not bullish? Really dude go back to playing checkers and watching cartoons. If it makes you feel better keep shorting the stock all the way to 40 and let us know how your A.. feels.
break out a case of Astroglide when it blows through $30. Shorts could fuel this one. The bad news is out of this one and inflow into consumer staples is just getting going.
Here come the strategic buyers SCHN and CMC ect. The industry is consolidating and MEA is the smallest public and regional player. I see SCHN moving in to get size agaisnts larger players. I think we could be looking at over $4.00 per share plus debt. Scrap prices are just starting to go up so the time is right! I've been buying since $1.40. Time to put in all your whiskey, #$%$ and cigarette funds!
Hey Meilink say hello to jerry Lewis at the telathon for me! Break open some of that astroglide for your short. When the rest of the short crowd figures out the current settlement wont cave the stock it will be a exodus. This clearly will be a big dent in your whiskey, #$%$ and cigarette budget this month!
Clearly you were fired from DMND as a nut sorter but found to be imcompetent for the job. Along with having difficulty forming complete sentences without fragments and run on's and being registered as a sex offender has prevented you from getting any kind of work so you sit around and blast the company. I guess your booze and cigarette budget are taking a hit with the 25 shares shorted at 14. Do us all a favor and try a double semi with a half twist off the tallest building in your area. Clearly its impossible for you to add something constructive on this site, no one thinks your funny anymore!