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Metalico: This Cheap $2 Metals Stock Is In The "Buy Zone" And Poised For A Turnaround

Metalico, Inc. (NYSEMKT:MEA) is a metals recycling company. It processes metals such as molybdenum, lead, tungsten, aluminum, precious metals, and even catalytic converters from automobiles. This company has recently announced some good news and the stock began to trend significantly higher. However, a stock market pullback has given investors another chance to buy at lower prices. Metalico shares remain in an uptrend but the stock is now at a very attractive level which I call the "buy zone". Furthermore, investors have seen many industries rebound from the financial crisis lows, and have seen huge moves in plenty of stocks. That means there are not many opportunities left to capitalize on "turnarounds" which can be so financially rewarding. However,...

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