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Written and published by Mike Gibson,
www.autosalvageconsultant.com, email to email Mike Gibson
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Recyclers
Power Source Magazine, or posted at our web site.
Steel Stocks Move on Bullish Analyst Comments from July 14th.
Steel stocks were boosted Wednesday across the board by a one-two punch of positive comments from analysts about the recently rebounding group. The broker said recent data points indicate higher than expected steel spot pricing in the second half of the year. Just last week, Bill Martin and Matt Ragas posted about scrap steel exporter and recycler Schnitzer Steel's (NASDAQ:SCHN) latest results, which suggested that steel prices, after dipping in recent months, were ``firming up`` with Chinese demand increasing again.
On Saturday August 14th, our Internet distribution provider inadvertently sent a notice on terrorist activities and self-storage warehouses to our eNewsletter subscribers. This information was intended for other recipients. We apologize for any confusion or inconvenience caused by this action and our provider assures us it will not happen again.
JUNKYARD owners in Muharraq, Bahrain have been urged to register their land with the government before the end of the month or face legal action. Ninety percent of the governorate's junkyards are found in residential areas and are not legally registered, according to Muharraq Municipal Council legislative and financial affairs committee chairman Majeed Karimi. He said there are 95 junkyards in the Muharraq Governorate, but 80 of them are located in Arad.
LKQ’s stock has been trading in the range of $17.00 to $18.50 for the last 30 days.
Three months ended June 30th, 2004 compared to three months ended June 30th, 2003 revenue. LKQ revenue increased 29.5% to $104.9 million for the three month period ended June 30th, 2004, from $81.0 million for the comparable period of 2003. The increase in revenue is primarily due to the higher volume of products sold and business acquisitions. Organic revenue growth was 11.4% for the three month period ended June 30th, 2004 over the comparable period of 2003. LKQ continues to expand their services to the insured repair industry and added local delivery routes and transfer routes to their wholesale replacement parts operation that helped them to increase their market penetration. LKQ also completed two business acquisitions during the three month period ended June 30th, 2004. The revenue growth attributable to business acquisitions accounted for approximately $14.7 million of total revenue in the three month period ended June 30th, 2004. Cost of Goods Sold. LKQ’s cost of goods sold increased 29.9% to $55.4 million for the three month period ended June 30th, 2004, from $42.7 million.
“Failure is the opportunity to begin again, more intelligently.” - Henry Ford
Do you feel like you need to “start again”? Sometimes it’s hard overcoming all our old notions and baggage, including bad employees and processes.
Do you sometimes feel like you just can’t get ahead? I talk to recyclers everyday who say, “I would like to get help, but I just can’t afford it right now.” If you think getting help is costly, try measuring the cost of not getting help. When you have done all you know how to do, ask for help. We offer help to recyclers with a money back guarantee. No one can change your business but you. If you keep doing what you’ve been doing, you will keep getting the same results. It really is that simple. Send me your success story!
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. Mike can be reached at 1409 Carson, Haltom City, TX 76117, (preferably) email Mike Gibson, or 817-872-1491.