Sims Metal Management Limited (NYSE:SMS)
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Sims Metal Management is a multinational metals and electronics recycler.
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Sims Metal Management is a multinational metals and electronics recycler.
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Interesting on its own merrits but may aswell be acquired by one of the major steel conglomerates (see acquisition of David J. Joseph by Nucor).
If you are looking for a takeover target in the steel recyclers I suggest you look at Metalico (MEA). The general trend in this sector is towards consolidation and there have been rumblings that Nucor is going to be picking up MEA.