% | $
Quotes you view appear here for quick access.

Appliance Recycling Centers of America Inc. Message Board

snds10 2 posts  |  Last Activity: Nov 20, 2015 12:40 PM Member since: Aug 5, 2003
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    earnings out

    by magilla_s Nov 20, 2015 10:05 AM
    snds10 snds10 Nov 20, 2015 12:40 PM Flag

    Yes kind of bad but maybe they can negotiate the rates from GE so they can turn a profit. Also they do have the new $1.6M of carbon offsets they said hoping to get in the 1st quarter. That's a nice .30 profit in just one quarter if they can book it by 1st qtr. Hard to be too positive but not sure it can go too much lower. Have a nice day.

  • My understanding is that they may have sold enough to drop below 10% because Minnesota has a law that they can't own more than 10% or the Minnesota automatic poison pill for all companies is activated. So they might want to stay involved or maybe even buy the company and complied with the Minnesota law. I haven't spoken directly with the Isacc group but have heard about this law. I kind of think lots of other investors may think this is a huge negative sign but if they know about this law they might not think Isacc is unloading the whole position. Have a nice day.

0.72+0.08(+12.48%)Dec 1 3:38 PMEST