Industrial Services of America Inc (NASDAQ:IDSA), Down By 5.66% ($0.27) From $4.770 After BUYINS.NET Report Predicted Weakness
July 16, 2012 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Thursday, July 5th 2012 stating that Industrial Services of America Inc (NASDAQ:IDSA) was expected to be Down Before its earnings release. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=idsa&id=290710
At the time this story was written, Industrial Services of America Inc (NASDAQ:IDSA) is Down By 5.66% ($0.27) From $4.770 since the BUYINS.NET report was released.
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Industrial Services of America Inc (NASDAQ:IDSA) - Industrial Services of America, Inc. engages in ferrous and non-ferrous scrap metal recycling and waste management services in the United States and Canada. The company operates through two segments, Recycling and Waste Services. The Recycling segment collects, purchases, processes and sells stainless steel, and ferrous and non-ferrous scrap metal to steel mini-mills, integrated steel makers, smelters, foundries, metal brokers, refineries, and exporters. This segment purchases ferrous and non-ferrous scrap metals primarily from industrial and commercial generators of steel, iron, aluminum, copper, stainless steel, and other metals, as well as from scrap dealers and retail customers who deliver these materials directly to the companys facilities. In addition, it processes scrap metal through its sorting, shearing, shredding, cutting, and baling operations. Its non-ferrous scrap recycling operations primarily consist of collecting, sorting, and processing various grades of copper, aluminum, stainless steel, brass, and high-temperature alloys. The Recycling segment also involves in purchasing, processing and selling stainless steel, and nickel-based and high-temperature alloys, as well as providing fiber scrap materials. The Waste Services segment offers waste management services, including contract negotiations with service providers, centralized billing, invoice auditing, and centralized dispatching. This segment also rents, leases, sells, and services waste handling and recycling equipment. It sells its services on a contractual basis to retail, commercial, and industrial businesses. The company was incorporated in 1952 and is headquartered in Louisville, Kentucky.
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