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Appliance Recycling Centers of America Inc. Message Board

mm5002003 2 posts  |  Last Activity: Aug 7, 2014 5:02 PM Member since: Jan 14, 2003
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  • i thing this was about the tax issue and not operating results. and the tax issue was not understood full, terrible pr. looking at recycle replacement revenue from the annuals for 11/12/13 it was 30m/11.7/14.5 or $56mil total. they have 11 recycling facilities ony one in CA, but could not find out how much of the $56m in revenue was from CA. should have been asked in CC. with a sales tax rate of 7.5% in CA, even if 1/4 of the revenue was from CA and subject to the 7.5% tax which it may not be, that would equate to 7.5% x 14m or $1m in sales tax + interest and penalties. could be much less. either way, drop today took over $6m off market value. overdone i think. anyone else have any input re: CA recycle revenue?

  • mm5002003 by mm5002003 Aug 7, 2014 1:36 PM Flag

    book is now $20.12 .. current price $15.23 .... a $4.89 move to book would represent a $32% gain.
    may start buying back stock at this price .. along with continued operating contributions ... way oversold, as is
    the entire market here.... same of bs re: correction, fact is .. where do you invest the proceeds from your stock sales if you sell???? buy when others are fearful.

2.85+0.07(+2.43%)Oct 17 3:50 PMEDT

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