Casey Corp., through its operating subsidiary ESM Refiners (ESM), is primarily focused on recycling precious metals, mainly gold. ESM is an aggregator which purchases jewelry and other items containing gold from retail stores and other sources and then sells the jewelry to refineries which in turn melt down the gold and produce gold bars.
Traditionally, gold aggregation is a high volume, low margin business. The largest share of the profits, commonly over 60%, remains with the retail store, pawn shop or other party which purchased the gold items from their original owners. On average, the aggregator keeps just 1% of the refined gold value.
By leveraging its management team’s extensive knowledge of the gold market and strategically investing in new initiatives, the company plans to increase its coverage of the supply chain for greater revenues and profitability. Expansion plans consist of establishing an independent refining facility and continuing the development of its online business to increase the number of gold items purchased directly from the original owners.
By being a fully integrated vertical operator, ESM will retain the full profit of the gold jewelry recycling process. The company’s management team is confident that the availability of investment will support heavy marketing and promotional activity, enabling the company to become one of the leading players in the market.
About QualityStocks:
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net
Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net
Monday, November 29, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment