Focus has shifted away from the need for an infrastructure rebuild as we enter mid term elections and the current administration works to complete small business funding and healthcare.
This prompted me to look for some infrastructure plays and I found a small company in our niche Resource Exchange of America (OTCBB:RXAC), a Florida-based recycling company who’s CEO recently commented on President Barack Obama’s proposed plan to spend $50 billion to renew and expand America’s roads, railways and runways. The need for scrap metal and other matierials falls right into the wheel house for them.
“A proposed plan for revamping the entire U.S. infrastructure would have a positive effect on our roads and railways, but would more importantly serve to create jobs all over America from our perspective, there is of course the added dimension that rebuilding many thousands of miles of roads (enough to span the Earth six times), and constructing thousands of miles of rails would require a significant amount of steel,” comments Dana Pekas, CEO.
”We hope to be in a position to supply at least a miniscule portion of the anticipated scrap metal that will be needed for such an undertaking,” Mr. Pekas concluded.
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