Recycling Sims

After being crushed during the GFC, the scrap metals group is looking to rebuild.

Until the outbreak of the global financial crisis Sims Metal Management could do no wrong. After that, it could do no right as its shares plunged from more than $40 in mid-2008 to less than $8 in August last year.

But recovery is underway, and Sims has become a stock to buy as consumer confidence returns, and old cars and household appliances are replaced, providing the company with a growing supply of its essential raw material, scrap metal.

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