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30M appliances discarded every year.
ARCI the only national operator in this industry.
Pioneered large-scale appliance recycling/processing, now opening chain of used appliance stores.
Has 0.5% of this $2B market.
After turnaround last year, all ops profitable, growing.
Gross margin Q1 exploded to 48%, up from 15% 96Q4, and 7% 96Q1, back in the black.
Lost $6.53 last year during retail rollout, this year should make $0.50-$1.00, stock at rock-bottom now at $2-3, below book ($3.67).
600,000 float, 1,137,000 shares outstanding, CEO Cameron owns over 25%, management owns 34%
Check it out.
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