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Enter Symbol:
 
Metalico Inc (MEA) [hlAlert]

Rating:
Buy MEA
down 86.43 %

Metalico Inc (MEA) upgraded to Buy with price target $5.50 by Morgan Joseph

Posted on: Monday,  Oct 5, 2009  9:25 AM ET by Morgan Joseph

Morgan Joseph rated Buy Metalico Inc (AMEX: MEA) on 10/05/2009, when the stock price was $3.98. Since
then, Metalico Inc has lost 86.43% as of 08/27/2015's recent price of $0.54.
If you would have followed this Morgan Joseph's recommendation on MEA, you would have lost 86.43% of your investment in 2152 days.

Metalico, Inc. (Metalico) operates in two business segments: scrap metal recycling (Scrap Metal Recycling), and lead metal product fabricating (Lead Fabricating). The Company?s operating facilities, as of December 31, 2008, included 20 scrap metal recycling facilities located in Buffalo, Rochester, Niagara Falls, Lackawanna, and Syracuse, New York, Akron, Ohio, Newark, New Jersey, Buda and Dallas, Texas, Gulfport, Mississippi , Pittsburgh, Brownsville, Sharon, West Chester and Quarryville, Pennsylvania, Colliers, West Virginia, an aluminum de-ox plant located in Syracuse, New York and four lead product manufacturing and fabricating plants located in Birmingham, Alabama, Healdsburg and Ontario, California and Granite City, Illinois, and a lead product distribution facility in Carson City, Nevada.

Morgan Joseph is committed to providing timely, objective and actionable investment advice on the companies and securities we follow. Our team of equity analysts covers a growing universe of stock issues across a broad range of industry sectors. As a middle market-focused firm, our approach is not to publish research on as many companies as possible within a number of industry sectors. Rather, our research analysts distinguish themselves by zeroing in on quality companies with growth prospects or which present special situations. These companies often lack a research following. This enables our analysts to provide insight to investors in companies that are not well understood nor fairly valued.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/5/2009 9:25 AM Buy
None
3.98 5.50
as of 12/31/2009
1 Week up  11.18 %
1 Month up  24.87 %
3 Months up  29.89 %
1 YTD up  29.89 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/10/2008 8:25 AM Hold
None
3.04
9/12/2008 8:25 AM Buy
None
7.96 11.00
8/1/2008 8:25 AM Buy
None
15.82 24.00
6/30/2008 8:25 AM Buy
None
17.70 20.00
10/26/2007 9:25 AM Buy
None
10.95 14.00
8/7/2007 9:25 AM Buy
None
7.53 9.00

(*) Stock Price at the time of the recommendation.
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