METCL - Radius Recycling: An Attractive But Volatile Play On A Cleaner Future
2024-06-03 10:02:20 ET
Summary
- Radius Recycling, Inc. is a large recycler of ferrous and nonferrous metal, with operations in metals recycling, auto parts stores, and steel manufacturing.
- The company's financial performance has been volatile due to fluctuating steel prices, but its stock is trading at low multiples.
- Despite short-term challenges, the long-term potential of the recycling industry makes Radius Recycling a cheap business worth considering.
One of my favorite things to do is to search for new and interesting companies to analyze. Sometimes, I end up with nothing special. Other times, I can find some really attractive opportunities. Some companies are simple to understand, while others have aspects about them that make them a challenge....
Radius Recycling: An Attractive, But Volatile, Play On A Cleaner Future