The detractors are all idiots. As long as they h
Post# of 3844
The detractors are all idiots. As long as they have been trying to shake the tree, their efforts have failed. The only reason this stock is trading near the 200SMA is because of S-8 shares hitting the free float and the MMs had to find a spot where retail was willing to buy in bulk. The 200 is not untypical for this time of year for many great issues for tax purposes and some selling from S-8 folks.
Food for thought regarding Goodwill/2TRG from someone I trust very much who is deeply embedded in the e-waste industry and who has actually conducted business with Goodwill as a recycler....If the e-waste being accepted from Goodwill has not been "picked over" by other recyclers prior to arriving at 2TRG, then the value will be much higher. If, however, 2TRG is "getting the last pass" on the e-waste then value is still there, but it is diminished.
Sometimes you have to process the junk to get later access to the good stuff! I'm not saying this is happening with the Goodwill/2TRG deal, I'm simply providing some info for a smart question to EWSI leadership at a later time.
We all know that the Caribbean deal, while providing feedstock to the 2TRG Cincy facility (pretty sure that's what the original PR indicated), will provide minimal margins after reimbursing the shippers for their costs and then subsequently splitting the profits (maybe). That being said, folks can look at this particular deal as an indication of the passion that EWSI leadership has for providing relief valves for those areas of the world where e-waste is a local environmental problem. Tip of the hat to EWSI for taking care of a major issue occasionally for minimal profit. These types of deals though may in fact lead to bigger deals that have more profit attached in the future.
Anyway, just some food for thought...
MMs are being extremely patient with their asks early this morning. "Normal" retail is not selling into the bid (maybe they're all done!!). When she bounces it's going to be quick IMO to the upside and back into the mid 04s. JMO though. And, it's still early!