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After hours .37
Something may be brewing after all the Stops got cleared all the way down to .3028 today
BEACON ENERGY CORPORATION and METALICO INC.
* GO GOOGLE....... BEACON ENERGY CORPORATION and METALICO INC ~~~ Read the article about BEACON ENERGY CORPORATION regarding BioDIESEL!!!!
BCND stock has a subsidiary called BEACON ENERGY CORPORATION! $$$$$$$$$$$$$$$$$$$$$ You can verify it by going to the message board and see it!
just my own opinions of speculations do your own research......
IHUB's feed doesn't show the AH print:
http://www.quotemedia.com/finance/quote/?qm_page=52441&qm_symbol=MEA
Is there a Reason why every other chart (stockcharts,Etrade,TDA,is showing the closing share price @ .42 and IHUB is showing
Metalico (MEA) 0.3733 ? -0.0317 (-7.83%)???
I'm holding till this passes but here is the best explanation i found for what happened yesterday:
Market Impact of Dark Liquidity
"While it is safe to say that trading on a dark venue will reduce market impact, it is very unlikely to reduce it to zero. In particular the liquidity that crosses when there is a transaction has to come from somewhere—and at least some of it is likely to come from the public market, as automated broker systems intercept market-bound orders and instead cross them with the buyer/seller. This disappearance of the opposite side liquidity as it trades with the buyer/seller and leaves the market will cause impact. In addition, the order will slow down the market movement in the direction favorable to the buyer/seller and speed it up in the unfavourable direction. The market impact of the hidden liquidity is greatest when all of the public liquidity has a chance to cross with the user and least when the user is able to cross with ONLY other hidden liquidity that is also not represented on the market. In other words, the user has a tradeoff: reduce the speed of execution by crossing with only dark liquidity or increase it and increase his market impact."
http://en.wikipedia.org/wiki/Dark_liquidity
Can anyone explain what is happening right now with the hundreds of 100 block trades being bought/sold at .53? It's obviously a bot right? If that's the case, what's the point?
It should continue. Will we see $1 by Dec 12th? I think we have a good shot at it IMO
About to begin a bull run?
Chart is setting up nicely here...
http://www.twst.com/update/91371-metalico-inc-metalico-sells-lead-division
http://stockcharts.com/h-sc/ui?s=mea
Bullish hammer on the charts followed by trading the next day above it...
Looks like confirmation of a bullish reversal to me...
Best of luck!!
May have to close the gap below at around 30sh prior to the run-up.
It's a crap shoot.
I have that one on watch too. I was wondering why it was doing so good today!
Closing the gap this week, back to $1 we goooo
it can go above 1.00
Hey beambe...you holding any MEA or did you bail completely today? I didn't capture nearly enough profit from my .32 entry, but did buy back in in my IRA at .55. I'm feeling this is going to 1.00 in the pretty near future. Thoughts...anyone?
AMCO waiting for NEWS
Best trade I had all year. Wheee! is right.
LOL
Weeeeeeee!!!!!!
Ride 'em cowboy!
I just KNEW I should have bought more yesterday. lol
Too scared, though. But enough to pay for Christmas presents.
We could rip into close though.....
Oh darn.... I bought @ .54 :)
according to my Calculations, we will Close at .52 Cents
No doubt with it being up this high.....
There will be profit taking today
I think beambe is right....... Long term potential....... I'm sure there will be some profit taking today......
If that's really the case, I'll jump in now. I'm wondering if I missed this one & tomorrow it's profit taking.
Weeeeee...... beambe!!!! Hello again :)
long term huge potential
I definitely agree with you!
I like higher ;)
Wait for .50 and you will miss out on a good portion of the party
I just placed an order to buy some at 50 cents. Either this is going to go up or that knife will cut the life out of me.
Think it has to do with finance deal... Latest pr explains it.
Why the big drop?
Yup..hopefully .30 is the bottom and its up from here. This just needs some time. I purchased shares in my ira account for long term and I may purchase shares in my trading account also if opportunity presents itself.
atta boy...too many positives to ignore here. Still wondering why the big drop, but unless a BK is announced...which seems very unlikely...we'll go up from here. Good risk to reward at this level.
Caught this on my knife scan yesterday.
In today and up tomorrow.
I couldn't resist to buy some today.
METALICO TURNS PROFIT IN SECOND QUARTER
http://ih.advfn.com/p.php?pid=nmona&article=63237062
CRANFORD, NJ, August 13, 2014 – Metalico, Inc. (NYSE MKT: MEA) reported net income of $300,000 or $.01 per share, for the second quarter of 2014, compared to a net loss of $2.7 million or $.06 loss per share for the same period in the prior year.
The Company posted sales of $142 million for the June 2014 quarter, compared to $130 million for the 2013 second quarter. The current year period was principally impacted by higher scrap volumes, higher ferrous selling prices and a favorable non-ferrous product mix. Lead product selling prices rose, while unit shipments were lower versus Q2 of 2013.
Metalico’s Scrap Metal Recycling segment returned to profitability, generating $3.5 million before corporate overhead of $1.3 million. The Lead Fabricating segment continued to report strong results with $822,000 operating income before corporate overhead of $165,000. The quarter saw significant improvement in consolidated operating income to a gain of $2.7 million from a loss of $2 million in the same quarter in 2013.
Prior Year’s Second Quarter Comparison
Year-over-year second quarter comparisons reflect improved financial results on increased volumes and selling prices for most commodities:
• Sales rose 9% to $142 million from $130 million.
• Operating income improved by $4.7 million to $2.7 million from an operating loss of $2 million.
• Net income of $300,000 was up from a net loss of $2.7 million.
• Net income per share of $0.01 compares to a loss per share of $0.06.
• EBITDA rose by $5.3 million to $7 million from $2.7 million.
• Non-ferrous unit volume shipments jumped 28% to a record 56.6 million pounds
• Ferrous volume rose by 9%, while lead product shipments fell 20%
Commenting on the results for the quarter, Carlos E. Agüero, Metalico’s President and Chief Executive Officer, said, “Our results confirm business improvement on multiple fronts. We continue to maintain disciplined scrap buying practices which has increased metal margins. Ferrous shipments were the second highest ever and non-ferrous shipments surpassed our previous record by a significant quantity despite unimpressive commodity selling prices.”
He added, “We are also seeing reduced commodity selling price volatility, increased scrap flows and more rational scrap buying decisions by competitors throughout our markets, resulting in improving metal margins. These positive developments have carried over into the third quarter and hopefully will remain in place through the remainder of the year.”
Item 7.01 Regulation FD Disclosure.
ih.advfn.com/p.php?pid=nmona&article=63202158
On August 4, 2014, TPG Specialty Lending, Inc. ("TSL"), as agent for the lenders (the "Lenders") party to the Financing Agreement dated as of November 21, 2013 by and among Metalico, Inc. (the "Company"), each of its subsidiaries signatory thereto, the Lenders, TSL as agent, and PNC Bank, National Association, as service agent (the "Financing Agreement") delivered a Payment Blockage Notice (the "TSL Notice") to the holders (the "Holders") of the Company’s 7% Convertible Notes (the "Notes") triggering a 210-day standstill period under the Subordination Agreement dated May 1, 2008 between the Company’s senior secured lenders and the holders of its 7% Convertible Notes and their respective successors and assigns. As previously disclosed, under the terms of the Notes the Holders were entitled to deliver notices of redemption on or before June 30, 2014, requiring the Company to redeem the Notes, at par, plus any accrued but unpaid interest through the date of redemption. Such notices were held in abeyance following an agreement in principal announced June 30, 2014, which has not yet been effectuated as negotiations to resolve, among other matters, certain logistical and intercreditor issues continue. The primary effect of the TSL Notice is to block any payments of principal or interest to the Holders. The aggregate principal balance of the Notes is approximately $23.5 million (with accrued interest, approximately $24.1 million). Availability provided under the Financing Agreement to redeem the Notes has been restricted by the Lenders due to the Company’s noncompliance with the Maximum Leverage Ratio covenant as of March 31, 2014 as prescribed by the Financing Agreement. The Company’s inability to redeem the Notes is a default under the terms of the Notes and its failure to redeem the Notes is a default under the terms of the Financing Agreement. TSL delivered the TSL Notice as a result of such defaults The Company is negotiating with the Holders and the Lenders to reach an agreement that will satisfy the Holders’ repurchase right which may include an extension of such right, the issuance of new debt or equity or a combination of both, starting with the framework of general agreements in principal reached among the parties on June 30, 2014. No assurance can be provided that the Company will be able to reach definitive agreements with the other parties or that the terms of new agreements will be as favorable as the Company's previously announced proposed terms. The Company has positive cash flow from operations and sufficient liquidity to maintain operations, and is current on its trade payables.
adding 1.50's' here!=
http://finviz.com/quote.ashx?t=MEA
MEA
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Metalico intends to be the recognized leader for performance and innovation in the metals recycling and fabrication industry. In addition, the Company strives to be viewed as the best in the eyes of our business constituents, employees, shareholders, and the community at large.
Metalico aims to become the preeminent, vertically integrated, regionally focused metals recycler. We work in partnership with our suppliers and consumers to be the recognized leader in all the markets where we operate.
Metalico is a leading full-service, broadly diversified scrap metal recycler, principally operating in the Northeastern United States. Our scrap operations source, buy, process, and sell four distinct groups of commodity metals for use in the manufacture of new products:
Metalico also is a leading fabricator of non-battery lead-based products, manufactured principally for commercial, industrial, and radiation shielding applications nationwide. Its facility in Syracuse, New York, converts aluminum scrap into deoxidizing cones, an additive used in the steel-making industry.
Metalico today employs 800 people in 30 operating locations across 10 states. Headquartered in Cranford, New Jersey, Metalico trades under the stock symbol MEA on the NYSE Amex.
Metalico's strategy is to grow by acquisition, and more recently, through emphasis on organically developed internal initiatives.
Metalico executes this strategy by carefully locating platform businesses to acquire that we can leverage to increase market penetration by adding tuck-in acquisitions to enhance our competitive advantage. We then look to exploit synergies in transportation, cross-selling among operations and working to realize operating efficiencies.
The Company looks to mitigate commodity price risk by diversifying across several commodity metals and through rapid turnover of its inventories. Metalico seeks to have a dominant position in the markets in which it operates, and to be the standard-bearer for customer service and quality assurance in the value-added products that we fabricate.We seek internal growth and expansion opportunities in contiguous geographic markets in order to maximize market share and profitability.
Recycling of Metals:
Metalico operates both ferrous and non-ferrous scrap metal recycling facilities in New York, Pennsylvania and Ohio, serving both U.S. and Canadian markets. All forms of metal scrap are purchased from manufacturers, small scrap dealers, demolition contractors, and peddlers.
The scrap is sorted and prepared for sale to mills, furnaces and foundries. Refractory metals, principally molybdenum, tungsten and tantalum, are recycled at our Tranzact facility in central Pennsylvania. Three of our facilities, located in Newark, NJ, Austin, TX, and Gulfport, MS, process used catalytic converters, recycling platinum, palladium, and rhodium, known as PGM's (Platinum Group Metals). Metalico operates an automobile shredder located on Neville Island near the city of Pittsburgh which serves as the platform for the Southwestern Pennsylvania operations.
The latest acquisition, Goodman Services, Inc., operates a full service metal recycling facility in both Bradford, PA and Jamestown NY, as well as a mill services operation in Canton, OH.
Metalico has earned a reputation for professionalism and trust with consumers and other large metal buyers. Mills and metal buyers know that Metalico delivers quality materials with exceptional reliability. This means that scrap suppliers can rely on Metalico to accept materials at a fair price, in both up and down markets.
Metalico's commitment to customer service and product variety, through its Mayco Industries division, has made it the largest lead and lead alloy fabricator in the United States. In Birmingham, Alabama, Mayco produces lead and lead alloy sheet on its new mill, now the largest lead rolling mill in the world.
Mayco has been providing lead products and services to the nuclear energy sector for over 50 years, and can produce lead pours for casks and containment in any size up to 120,000 pounds. Radiation shielding products for the medical and industrial community include customized plate, sheet, interlocking lead brick, lead lined doors and wallboard, lead wool and and lead oxide glass. Mayco is also a leader in lead roof flashings, lead wool, pipe sleeves and cast iron/pipe toilet lead bends.
Mayco manufactures two of the leading brands of reload shot for recreational trap and skeet shotgun users - Lawrence Brand Shot and West Coast Shot. Mayco manufactures came lead in over 100 sizes for the stained glass window industry under the Premier Lead Came brand.
Mayco manufactures lead sheet plate and brick for engineered balance systems in planes, bridges and ships including the US Navy Fleet. Lead has significant chemical resistance to many industrial grade chemicals, and therefore is used extensively in the chemical processing industry in the form of pipe and tank liners. Mayco manufactures lead alloy plate and shaped extrusions in support of the copper, zinc and chrome electro-plating industry.
Facility Locations:
http://www.metalico.com/locations.html
SEC Filings:
http://ir.metalico.com/phoenix.zhtml?c=180159&p=irol-sec
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