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Re: jcoukr post# 243624

Tuesday, 09/17/2013 10:32:44 AM

Tuesday, September 17, 2013 10:32:44 AM

Post# of 312102
JBI will lose money on the HTF portion of fuel production. Oil recycling is a tough business requiring tight cost control. One of the largest companies went bust trying to make money in an industry with less than 10% margins. JBI doesn't stand a chance competing in that industry. On the plastic side, we all know that JBI has reported negative margins since inception and with over a half mil (before obsolescence reserve) invested in feedstock, we can expect more inventory writedowns and CGS increases going forward along with CGS depreciation absorbtion adjustments.

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