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Just wanted to let anyone know that uses them, that I just got a text message that there will be price drops on Monday and again on Tuesday. The message did have a number to call if you wanted to find out what and how much. My advice, get your stuff in this weekend. Don't forget, thier yards are open until 2 PM both Saturday and Sunday.
I`ve heard steel is going down next month....
I'm going to sell at the bottom, so I can complain about it for the next 6 months.
Is that a good business plan?
This strategy has worked for me in gold, stocks and real estate(also one ex-wife), I highly recommend it. MikeQuote:
Originally Posted by spinroch
http://www.scrapmetalforum.com/scrap...any-worse.html
If you go as low as we do, selling now may be a good move. It depends on your circumstance....
Strangely enough .... it might be ! :)Quote:
Originally Posted by spinroch
Was running it through my head this morning over the first cup of coffee.
There are always operating costs plus the time you have wrapped up in doing it.
Just a made up thing: Lets say you were doing steel. The price dropped to 100 $ a ton. If you were doing something like curbco you might be able to collect & process a ton of steel per day.
Gross earnings per day: 100.00 $
Vehicle expense: Gas, insurance, upkeep, etc. -20.00 $
Equipment : sawzall blades, fuel for the blue dragon,etc -5.00
Net pre-tax: 75.00 $ / day
Local,state, and federal taxes: ( 30% ) -22.50
Net profit: 52.50 $ / day
Fifty two bucks a day isn't much to live on but imagine if you were stock piling in hopes of a better price. For every ton of steel you've got eight hours of labor and 25.00 $ cash invested in something that's just sitting there not making you any money at all.
Turn-n- Burn sounds like a :winner:
Turn & Burn is a good plan: I actually keep selling, whether the market is up or down. Gots to keep moving....
Called to today to check prices. Light dropped from 95/gt to 65/gt. Somebody wake me up from this bad dream.Quote:
Originally Posted by mthomasdev