Tuesday, March 30, 2010

CNAM: Learn How Last Year Went

CNAM announced call-in (at (201) 689-8049) and web availability of its March 31 earnings conference call covering the year ended December 31, 2009.

The problem with this as "news" is that 2009 isn't what CNAM is all about. Investing in CNAM is about the stock reacting in 2010 as the company adds new recycling business, and the capacity of CNAM with its new capital infusion to dramatically increase its import and distribution capabilities.

The only "news" in the call will be discussion of the plant's 2010 capacity and the company's expected performance. Since I bought on the strength of the recycling plant, I'm particularly interested in surprise upside from capacity improvements in the old distribution business, that I'd basically written off as an unexciting offshoot likely only to reduce the company's acquisition and delivery overhead.

Stay tuned :-)

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