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Appliance Recycling Centers of America Inc. Message Board

snds10 1 post  |  Last Activity: Nov 22, 2014 11:55 AM Member since: Aug 5, 2003
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  • Reply to

    Third Quarter 2014 Results

    by maturadoratum Nov 5, 2014 8:27 AM
    snds10 snds10 Nov 22, 2014 11:55 AM Flag

    Yes I'm curious about the strategic move too. Last year they filed a SEC form to keep something secret and the SEC granted them it ok to keep secret. Now they mention it again. Many times when a company gets acquired they are allowed to keep all negotiations secret until final agreement. It might just be pricing or something simple too. I also own lots of shares or at least lots of shares to me!! The reason to own it is because of the business potential and also current profits. I think everyone is waiting for the Ca sales tax audit to show they don't owe any additional taxes. If they clear that up we could see $5 fast, if they owe $5-10M or something it could go down to $2. Now with the unknown the market is pricing in the risk. The current business without the sales tax isssue is worth way more than $2.75. I heard somebody on here say many years ago they turned down an offer for $7, not sure if that's true but business is better now than it was then. Jack is retired so they might take a deal now, who knows. Its hard to see it valued so low. Time and contiued good results will make it go up. Have a nice day.

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