Horsehead Holding Corp. (NASDAQ:ZINC)
CAPS Rating:
The Company is a producer of zinc and zinc-based products with production and/or recycling operations at six facilities in five states.
The Company is a producer of zinc and zinc-based products with production and/or recycling operations at six facilities in five states.
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Recs
Undervalued over fear of global recession.
New technology investment in lower production cost and higher
capacity equipment that also allows recycling of other metals from EAF dust (copper, etc.) which also lowers their reliance on the price of zinc.
Good synergy from their INMETCO purchase.