Just sign Metal Management a junkyard king, or one scrappy company.

Metal Management (NYSE: MM) is one of the top metal recyclers in the United States, recycling ferrous and nonferrous metals, including aluminum brass, copper, and stainless steel.

Analysts like MM’s wide recycling footprint (50 recycling centers in 17 states) and large client base (steel mills, integrated steelmakers, foundries, copper refineries, and metal brokers). Further, the company’s customers span the globe.

Revenue is expected to increase about 30-32% in F2008 after a more than 40% increase in F2007.

Operating expenses are under control. Meanwhile, as recycling gains traction from both financial (it’s profitable to recycle) and ethical (it’s good for the environment) standpoints, look for investors to attach a higher value to the shares of

recyclers such as MM. The Reuters F2007/F2008 EPS consensus estimates for MM are $3.22/$4.57.

The First shout mean rating for MM is: Buy. [3 firms.] Mean 2008 target: $50.00. [high: $60, low: $42.]

Stock Analysis: Metal Management is a moderate-risk stock not suitable for low-risk investors. Investors with an investment horizon longer than two years should be rewarded from MM’s shares. Sell / Stop Loss whether you were to purchase shares in that company: $24.

DISCLOSURE: Joseph Lazzaro has no positions in stocks. In addition to private real estate holdings, he owns corporate and municipal bonds, and cash certificates of deposit.

Original post by Joseph Lazzaro

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