SOURCE: Industrial Services of America, Inc.

Industrial Services of America, Inc.

March 24, 2010 09:30 ET

Taglich Brothers Initiates Coverage on Industrial Services of America, Inc.

NEW YORK, NY--(Marketwire - March 24, 2010) -  Taglich Brothers, Inc. announces it initiated coverage of Industrial Services of America, Inc. (NASDAQ: IDSA).

Industrial Services of America (NASDAQ: IDSA), headquartered in Louisville, Kentucky, recycles scrap alloy (stainless steel), ferrous and non-ferrous metals for sale to steel mini-mills, integrated steel makers, foundries, aluminum sheet and ingot manufacturers, copper refineries and smelters, and brass and bronze ingot manufacturers. From its facilities in Louisville, KY, New Albany and Seymour, IN, Dallas, TX and Mobile, AL, IDSA services 600 customer locations throughout the US. The company also offers waste management consulting services and sells, leases and services waste handling equipment.

Processed alloy and ferrous scrap is sold to end-users such as steel mini-mills, integrated steel makers and foundries, and brokers who consolidate for other large users. Most customers purchase processed ferrous scrap material through negotiated spot sales contracts, which establish prices and the quantity purchased. Non-ferrous scrap is sold to foundries, aluminum sheet and ingot manufacturers, copper refineries and smelters, and brass and bronze ingot manufacturers. Prices for most non-ferrous scrap materials vary according to spot and futures prices as quoted on COMEX or the London Metals Exchange.

The management services business creates customized software-based waste and recycling programs tailored to each customer's needs, locating and contracting with a hauling company and recycler at a reasonable cost for each customer's participating location. IDSA's equipment sales and services business offers sales, rental and maintenance of commercial and industrial waste and recycling handling equipment such as compactors, balers and containers. 

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We do not undertake to advise you as to changes in figures or our views. This is not a solicitation of any order to buy or sell. Taglich Brothers, Inc. is fully disclosed with its clearing firm, Pershing, LLC, is not a market maker and does not sell to or buy from customers on a principal basis. The above statement is the opinion of Taglich Brothers, Inc. and is not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. There may be instances when fundamental, technical and quantitative opinions contained in this report are not in concert. We, our affiliates, any officer, director or stockholder or any member of their families may from time to time purchase or sell any of the above-mentioned or related securities. Analysts and members of the Research Department are prohibited from buying or selling securities issued by the companies that Taglich Brothers, Inc. has a research relationship with, except if ownership of such securities was prior to the start of such relationship, then an Analyst or member of the Research Department may sell such securities after obtaining expressed written permission from the Director of Research. As of the date of this report no Taglich Brothers, Inc. employees had a position in the stock of the company mentioned in this report.

All research issued by Taglich Brothers, Inc. is based on public information. In January 2010 the company paid an initial monetary engagement fee of US$5,250 to Taglich Brothers, Inc. representing payment for the first three months of creation and dissemination of research reports, after which the company will pay Taglich Brothers, Inc. a monetary fee of US$1,750 per month for such services.

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Contact Information

  • Contact:
    Richard Oh
    Taglich Brothers, Inc.