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Harris Roen
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Harris Roen is a financial writer with a passion for understanding the economic activity of our interconnected world. His previous experience of over 15 years as a professional portfolio manager helps him ground-truth the hype through independent research and analysis, providing valuable... More
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Roen Financial Report
  • Stock Prices Drop For ADES And MEA On Earnings Reports 0 comments
    Nov 13, 2012 11:15 AM | about stocks: ADES, MEA

    Harris Roen, Editor
    Roen Financial Report
    November 13, 2012

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

    ADA-ES, Inc. (NASDAQ:ADES) More Info
    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. (NYSEMKT:MEA) More Info
    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


    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: ADES, MEA
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