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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.
Metal Recycling Entrepreneur
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I`ve heard steel is going down next month....
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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?
F1 Recycles
Electronic/Electrical/Mechanical Recycling
www.f1recycles.com
This strategy has worked for me in gold, stocks and real estate(also one ex-wife), I highly recommend it. MikeOriginally Posted by spinroch
"Profit begins when you buy NOT when you sell." {quote passed down to me from a wise man}
Now go beat the copper out of something, Miked
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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....
More than Scrap Value Shipment Tips: http://www.scrapmetalforum.com/scrap...tml#post242349
Metal Recycling Entrepreneur
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Strangely enough .... it might be !
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
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Turn & Burn is a good plan: I actually keep selling, whether the market is up or down. Gots to keep moving....
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Called to today to check prices. Light dropped from 95/gt to 65/gt. Somebody wake me up from this bad dream.
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