Schnitzer Steel Industries, Inc. (NASDAQ:SCHN)

CAPS Rating: 3 out of 5

Operates in three segments: Metals Recycling Business, collects, processes and recycles metals; Auto Parts Business, self-service used auto parts network; and Steel Manufacturing Business, processes recycled metals into finished steel products.

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Member Avatar OklaBoston (67.32) Submitted: 10/13/2014 1:17:45 PM : Underperform Start Price: $22.20 SCHN Score: +0.54

Off the All Star support this has I might green thumb it someday but for now I can't see it bottoming above $12

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Member Avatar 21popsontop (< 20) Submitted: 7/9/2010 11:39:38 AM : Outperform Start Price: $38.78 SCHN Score: -125.14

Schnitzer Rocks the clock! I will add. In a market like this,you might get it cheaper.

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Member Avatar devoish (97.24) Submitted: 5/6/2009 1:49:34 PM : Outperform Start Price: $51.21 SCHN Score: -173.64

Used auto parts business set to outperform. As car companys cut back on leasing/loan options for customers all those people who really could not afford a car without fanciful lease return valuations lowering the lease rate will now have to buy used or fix their car. Cheapest way to fix it is with used parts. Any commodities slow down should hurt recycled metal sources the least.

Debt is higher than I like but it seems to be spent well. Rising receivables is either a concern or a sign of booming business. I am going with booming business because of acquisitions and a similar increase in revenue. Recent price drop gets it back into opportunity range.
Re-upping at a lower start price after collecting accuracy.

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Member Avatar BigBomber (40.05) Submitted: 4/24/2009 12:03:37 PM : Outperform Start Price: $44.00 SCHN Score: -178.94

steel is my favorite metal...after gold

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Member Avatar Isolato (< 20) Submitted: 4/17/2009 4:14:02 PM : Outperform Start Price: $39.97 SCHN Score: -176.50

Grinding up America and selling it to the Chinese is a great business. SCHN has it figured out.

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Member Avatar ruddtg1 (63.86) Submitted: 3/10/2009 4:02:51 PM : Outperform Start Price: $26.72 SCHN Score: -193.31

should benefit from infrastructure upgrades

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Member Avatar RonChapmanJr (57.63) Submitted: 1/30/2009 3:21:19 PM : Outperform Start Price: $36.40 SCHN Score: -180.54

We'll see...

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Member Avatar TipsyMcStaggers (< 20) Submitted: 1/17/2009 1:13:14 AM : Outperform Start Price: $32.92 SCHN Score: -169.36

Big believer that steel recycling is the best of both worlds, in that it combines a green philosophy with a vital market sector that is undervalued BIG TIME at the moment.

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Member Avatar worldwidewizard (80.91) Submitted: 10/21/2008 8:23:47 PM : Outperform Start Price: $25.75 SCHN Score: -128.69

Metal on the cheap

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Member Avatar webking185 (91.80) Submitted: 10/9/2008 9:59:45 AM : Outperform Start Price: $27.55 SCHN Score: -121.99

At the bottom of the barrell due to the credit crisis, expect to see this stock soar back to $70 in late 2009 of December.

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Member Avatar tatenthinh (< 20) Submitted: 9/5/2008 12:01:39 PM : Underperform Start Price: $52.59 SCHN Score: +121.99

This is a good company, but overvalued currently at $55/share. It's a good buy at $30 or less.

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Member Avatar USNHR (32.22) Submitted: 9/2/2008 9:02:14 AM : Outperform Start Price: $63.14 SCHN Score: -120.69

Group Value play in recycled steel sector. Continued high commodity prices makes recycled steel an efficient alternative.

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Member Avatar APIri (47.02) Submitted: 8/20/2008 9:03:17 AM : Outperform Start Price: $62.81 SCHN Score: -120.27

score = 77

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Member Avatar SportAg22 (< 20) Submitted: 7/16/2008 3:57:32 PM : Outperform Start Price: $87.74 SCHN Score: -138.10

This will be the wave of the future... With the cost of new metals/steel why not get the same quality but at a lower price?

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Member Avatar tupperjack (50.97) Submitted: 7/14/2008 6:19:03 PM : Outperform Start Price: $92.26 SCHN Score: -138.11

just got aa feelng

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Member Avatar jatade1 (30.47) Submitted: 7/3/2008 5:37:16 PM : Outperform Start Price: $87.66 SCHN Score: -134.96

Bought this one based on TMFSinchurias blog about their earnings. Got a relative who does oilwell drilling consulting work. He told me that the price of steel is rising so rapidly that it has caused companies to change how they approach completing a hole. In the past, they would do detailed analysis about the size of casing needed for example 2000 feet 8 inch 1500 feet 10 inch etc. etc. to maximize the expected production of the well. Now with the price of steel so high and going higher they ask for whatever is available at today's price. They don't want to wait for new pipe to be produced for fear that it will be more expensive and may delay the completion of the hole. I believe steel goes higher from here and with it SCHN.

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Member Avatar cayamax (< 20) Submitted: 7/3/2008 10:22:01 AM : Outperform Start Price: $84.82 SCHN Score: -134.72

The beating this stock is taking should end soon.

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Member Avatar evillate (< 20) Submitted: 6/21/2008 12:00:09 AM : Outperform Start Price: $99.57 SCHN Score: -131.67

This year looks real good.

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Member Avatar cashmoney76 (< 20) Submitted: 5/30/2008 1:17:37 PM : Outperform Start Price: $93.23 SCHN Score: -121.72

Steel recycling.

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Member Avatar Cuchulainn1 (< 20) Submitted: 5/23/2008 10:27:14 AM : Outperform Start Price: $74.41 SCHN Score: -124.07

I believe that we are seeing a perfect storm for steel recyclers in the making. High commodity prices and high energy prices means greater demand for those who can recycle steel since it requires only a fraction of the energy to produce.

More importantly, a lot of the new steel mills in Asia use electric arc furnaces. The advantage for the Asian steel mills is that the electric arc furnaces use a fraction of the energy (which is increasingly expensive) compared to smelting. This is important because all these new furnaces require scrap steel... a lot of scrap steel.

What this means is that the rise in recycled steel commodities is not SPECULATIVE. The demand is very real and is consumer driven. Those who sell recycled steel to buyers in the Asian market stand to make tremendous amounts of money. Like other steel companies, a weak dollar benefits the scrap companies.

Four companies that come to mind to play recycled steel are:

1. Large Cap: Nucor (NUE) 94% of caps all-stars think NUE will outperform.

2. Mid Cap: Sims Metal Management (SMS): With their recent merger SMS has passed Nucor as the worlds largest metal recycler in the world (16 million tons, 220 locations on 4 continents) 100% of caps all-stars think SMS will outperform.

3. Small Cap: Schnitzer Steell (SCHN): A Cramer favorite.

4. Micro Cap: Metalico (MEA) A perennial takeover target. 98% of caps all-stars think MEA will outperform.

3. Sims Metal Management (SMS) midcap. With the recent merger SMS has passed Nucor as the worlds largest recycler of metal in the world (16 million tons, 220 locations on 4 continents) 100% of caps all-stars think SMS will out perform.

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