Added to YB: 2019-08-21
Pitch date: 2019-08-21
IDSA [bullish]
Recycling Asset Holdings, Inc.
-0.85%
current return
Author Info
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Company Info
Recycling Asset Holdings, Inc. went out of business. Recycling Asset Holdings, Inc. buys, processes, and markets ferrous and non-ferrous metals, and other recyclable commodities in the United States.
Market Cap
$9.1M
Pitch Price
$1.13
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-2.31
EV/Sales
N/A
Sector
Commercial Services and Supplies
Category
special_situation
Industrial Services of America: Tiny Liquidation, Assets Sold to Nucor Sub
IDSA: Nanocap metal recycler sold assets to Nucor sub for $23.3M. Expects $1.15-$1.35/share distribution on dissolution vs $1.10 price (13.5% spread). Insider-owned, strategic fit. Sale late Q4/early Q1 2020, most $ then but some held for wind-down. Risk: shareholder approval, storm-water drain issue.
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