I’ve been bullish on Metalico Inc. (AMEXMEA) for some day, and my enthusiasm isn’t waning, even as the market gets
hit left and right. The Western New York based, full-service metal
recycler has six facilities in New York and another in Pennsylvania. A
buyer of metal scrap, it thereupon processes it into reusable forms, and
soon after sells the recycled metals to mills and furnaces all through the
country, Canada and to exporters for sale abroad. I must note that I
own that stock.

it is additionally the largest lead fabricator in the
U.S., operating a lead metal product manufacturing, fabrication and
recycling segment with facilities in Alabama, Nevada and Illinois.

Despite
solid moment quarter reports on the 6th of that month, Metalico has
dropped by 25% in the final month, as the overall market has gotten
slammed. I think it is a bargain at that price and would pick it up.

This
company has a great and seasoned

management team, which will help it
weather the recent downturn in the stock market. It plus has a strong
trade model, enabling it to outlive the market bumpiness. I plus
like its emphasis on recycling and being an overall green company.

Type of Stock:
In the cyclical metal products sector, Metalico has not tarnished. A
converter of scrap into usable forms, and a leader in U.S. lead
fabrication industry, it is pushing into new territories hungry for its
product.

Price Target: Trading at $6.45, MEA has been hit
along with the general market by that final month. But as it pushes
into new markets abroad, and as the demand for recycling grows, I
remain convicted that we could see that in the $12 range within the
year.

Please note: I own shares in MEA.

Original post by Larry Schutts

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