Stock Prices Drop for ADES and MEA on Earnings Reports

Harris Roen, Editor
Roen Financial Report
November 13, 2012

Earnings reports released last week caused a drop in stock prices for two environmental companies.

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A mixed earnings report last week hit ADA-ES’ stock price, but prices have rebounded and are up 18% for the year. Even though revenues increased dramatically, EPS remains negative so investors are wise to remain cautious. Press release
Metalico, Inc. (MEA)
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A disappointing earnings report, due to a rapid decline in scrap metal prices, dropped Metalico’s stock 25% for the week bringing it to the lowest level in over three years. Profits were down 31% for the quarter, and down 45% from the same quarter last year. The Roen Financial Report considered Metalico overpriced above $2.00/share, but sees it as fair priced at current levels around $1.70/share. Press release



Individuals involved with the Roen Financial Report and Swiftwood Press LLC do not own or control shares of any companies mentioned in this article.

It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities mentioned in this article. Any advice and/or recommendations made in this article are of a general nature and are not to be considered specific investment advice. Individuals should seek advice from their investment professional before making any important financial decisions.


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