Originally Posted by
logansryche
Not sure but whatever it is it's keeping business between Upstate and Bodine(which dug themselves out of the million dollar hole they dug last year), and shutting out business to everyone else.
It'll be interesting to see what the outcome is since Upstate wants Metalico and since Weitsman is Metalico's largest shareholder at the moment, he won't give it up without a fight.
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I agree with you that Adam still wants Metalico, but Carlos will do whatever he can to prevent that. My gut feeling is that Adam is going to let the sale go thru (not that he owns enough to stop it). He'll make about $1 million on his shares.
The new shredder is Penns. is going in now. This is right in part of Metalico's area. I think his plan know is to shred whats left of metalico or Total Merchant. Shouldn't be that hard with Carlos at the helm for 3 more years.
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