The Company is a rapidly growing holding company with operations in two business segments: ferrous and non-ferrous scrap metal recycling, and fabrication of lead-based products.
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With so many people focusing on new "green" initiatives, I think the old recycling industry has been overlooked. Recycling will become only more popular in coming years, as commodity prices continue to rise. There's a lot of room to consolidate in this fractured industry where many recycling plants are owned locally in mom-and-pop-style operations. MEA has shown that it can take advantage of these consolidation opportunities to turn a profit. I'm a little concerned about share dilution with recent acquisitions, but I think the combined operations leave room for increased profit margins all around.
You've picked a winner here!! This is one of my very favorite equities! As metals prices continue to rise so will the importance of metal recycling! AND it's got the green thing going for it too. :) Metalico is a winner!!