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Auto
Recycling eNewsletter
For immediate release –July 2007
Written and published by Mike Gibson and Ron Sturgeon, autosalvageconsultant.com. Email Mike. To register for future free issues, visit http://www.autosalvageconsultant.com. Don’t forget to watch for our management articles monthly in Recyclers Power Source Magazine, or posted at our web site.
Schnitzer Steel Industries Rising On Record Third Quarter Earnings, RTT News, 7/9/2007 9:44:27 AM
Schnitzer Steel Industries (SCHN) gapped open higher Monday and has continued to trend up during the first 10 minutes of trading. The stock is currently up $7.63 on the day to $59.95. The company reported record third quarter earnings earlier this morning.
LKQ Corp. acquires Canadian parts company, Dow Jones News Wires Published July 9, 2007, 8:15 AM CDT
LKQ Corp. said it acquired Pintendre Autos Inc., a recycled parts company in Quebec City, Canada. Terms of the deal weren't disclosed. The Chicago-based provider of recycled automotive replacement parts said Monday it expects the deal to boost 2007 earnings by 1 cent a share. LKQ said Pintendre primarily serves the professional repair market for cars, heavy trucks and light duty vehicles, and generates annual revenue of about $29 million.
Pintendre's management team will remain in place after the deal closes, LKQ said. LKQ Corp. reported revenue for all of 2006 of $789.4 million.
LKQ Retreats Sharply Early In The Afternoon, 7/6/2007 12:32:52 PM
LKQ (LKQX) retreated during Friday's session. The stock lost ground during the first 30 minutes before leveling off for a little while. Around 12:00 pm ET, LKQ began another decline amid its heaviest volume for the day. This took the stock down near its 50-day moving average. At 12:30 pm, shares of LKQ traded at a mark of $24.25, a $0.55 fall for the day.
Recycled-Parts Market Grows, Boosting LKQ, July 05, 2007: 07:17 PM EST, Jul. 5, 2007 (Investor's Business Daily)
LKQ Corp. LKQX appears to be forming a new base, after a low-volume breakout on May 21 failed. The stock currently is six weeks into its latest pattern. LKQ is the nation's largest supplier of recycled parts for light vehicles. It's also the only nationwide player in the business, with more than 100 centers for dismantling, inventory and sales.
In a presentation to investors in May, the company said it's growing through acquisitions and by boosting market share. Insurance companies, seeking to cut costs, are more willing to rely on recycled parts. Body shop repairs used 30% recycled parts last year, compared with 28% in 2004 and 25% in '02. LKQ's earnings rose 31%, 29%, 27% and 27% over the past four quarters. Sales increased 22% in the first quarter, down from 42%-48% gains in the three prior periods.
Two accused of attempted theft from Fountain City scrap yard, By David Brommerich | For the Daily News Two men have been charged with attempting to steal auto parts from a Fountain City, Wis., junkyard. Shawn M. Maki, 29, of Bloomington, Minn., and Robert J. Garrett, 34, no address listed, were charged in Buffalo County Circuit Court with misdemeanor attempted theft and trespassing. According to the complaint, Maki and Garrett tried to take radiators, converters and jacks from Elmer’s Auto Salvage on March 27. A truck parked in a nearby field contained burglary tools. Related crimes occurred in Dunn County, court reports said. Maki posted a $500 cash bond. An arrest warrant was issued for Garrett.
Innovative application recognised at prestigious Mobile Messaging Awards 2007, By Tim Hoang, Friday, July 6, 2007; 12:54 AM
Internet auto-salvage auction site bluecycle is predicting a £1.5 million increase in 2007 sales by working with leading mobile telecoms consultancy Alpheus Solutions Ltd to open the mobile channel to its customers. Alpheus has deployed RefreshMobile’s Mobizine technology to deliver a daily, magazine style catalogue of vehicles for auction direct to customers’ mobile phones. This innovation has been selected as a finalist in the prestigious Mobile Messaging Awards 2007. Bluecycle is the first company outside the publishing industry to use Mobizines which enables the company to promote auctions to buyers who aren’t always at their desks to check for latest availability. Based on current activity levels it is estimated that by the end of 2007, the Mobizine will help increase bluecycle’s active customer base by approximately 5%.
How’s Business?
“ There are a lot of things that go into creating success. I don't like to do just the things I like to do. I like to do things that cause the company to succeed. I don't spend a lot of time doing my favorite activities.”
Michael Dell
AutoSalvageconsultant.com was formed in 2001 to help recyclers improve their businesses. With over 50 years of experience in 3 staff members, the group is THE definitive source for recyclers’ management and training needs. Mike Gibson and Tammy Sturgeon joined the team in 2003, and bring a wealth of experience to the team, plus more resources, as there have been more requests for help than Ron could meet. The founder, Ron Sturgeon is past owner of AAA Small Car World. In 1999, he sold his six Texas locations, with 140 employees, to Greenleaf. In 2001, he founded North Texas Insurance Auction, which he sold to Copart in 2002. In 2002, his book “Salvaging Millions” was published to help small business owners achieve significant success, and was recently reprinted and published in Chinese. In June 2003, he joined the new ownership and management team of GreenLeaf. He also manages his real estate holdings and investments. You can learn more about how to help your business at www.autosalvageconsultant.com. Mike can be reached at 628 SW Rand Drive, Burleson, TX 76028, (preferably) email Mike, or 817-925-8430.