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Sims Metal Management is a multinational metals and electronics recycler.
As metals and commodities become more rare in nature, we as humans will have to learn how to use what we already have. That means recycling. SMS is a company that does just that so you can be sure they will do great in the late future.
One of the largest scrap operations. With prices going up and the economy rebounding. This should be a good play for the long haul. I'm in with real $.
Recycling and going green is the new fad. And people like profiting off it
Oops, missed this one. There is little not to like here. The cheapest way to get ore out of the ground is not let it back in. With Government encouraging/paying people to junk their cars their should be a nice cheap supply of raw materials. You can only keep an old car for so long. They continue to buy their competition, MMI recently, Fairless this morning. The debt is manageable. I may lose points in the next few months as the slow down continues and China stops buying but long term this will do fine.
Largest metals recycling company with global presence. Down with the rest of the economy but will come back strong. Good "green" business with smart management.
Well priced compared to industry.
recycling the promising
Cyclical company during this downturn in commodities will have a short term effect on this company. Dienst is an excellent CEO with a passion for the business and will put the business in cost cutting mode in the short term. Long term this company has no short term debt, generates cash, and will acquire more businesses in the future to increase their global footprint. At current valuation even with FCF growth in the future this is a $11.50/share business.
Great company, good price.
Group Value play in recycled steel sector. Continued high commodity prices makes recycled steel an efficient alternative.
I like the business in good times and bad.
Steel demand will remain strong and cheaper methods of getting steel will be a key advantage going forward with energy costs rising.
CAPS is the testing ground for my investment newsletter. I like to pick stocks that will benefit from macro trends.Here's what I like about this stock -"Sims operates a geographically diverse metals recycling business with a network of processing facilities, many with deep-water port access, supported by an extensive network of feeder yards from which to source recyclable ferrous and non-ferrous metals. It has positions in the metals recycling markets of Australasia, the east and west coasts of the United States, and the United Kingdom. Sims also has a strategic network of trading offices in Asia. Through its Sims Recycling Solutions business, Sims has an emerging global e-recycling business, with established operations in the United Kingdom, Continental Europe and North America and a developing presence in the Asia Pacific region." Check out my site - http://www.positivereturns.net
Low scrap inventories, increases in iron prices will benefit SMS.
Just riding Cuchulainn1's coat tails after reading his pitch.
Sims Group Limited is a metal recycling company with grobal reaches. Its headquarters is in Sydney but it also operates a great deal in the US and the UK. Sims also has a network of trading offices in Asia. Sims Group operates two primary businesses: Metal Recycling and Sims Recycling Solutions. The Metal Recycling business involves the collection, processing and marketing of ferrous and non-ferrous metals. The Sims Recycling Solutions business involves the e-recycling of information technology equipment and electrical and electronic consumer goods, and has operations in the United Kingdom, Continental Europe and North America and a presence in the Asia Pacific region. On March 14, 2008, the Company completed merger with Metal Management, Inc., which is one of the service metal recyclers in the United States, with 53 recycling facilities in 17 states. In April 2008, the Company completed the acquisition of Life Cycle Services, based in the United Kingdom.With Green/clean energy solutions becoming a main focus of many developed and developing countries, the increased cost of steel and other metals, the exceedingly high cost of oil (with no REAL end in sight) and in turn the higher cost of producing paper and metals from raw materials, the recycling industry seems poised for tremendous growth over the next five years. This is a long term play since the stock is hardly followed, but also a momentum play in terms of the sector growth in the aforementioned areas of the market from which Recycling benefits.
Demand for metal is accelerating because of the growth in developing countries. This business will be endless.
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