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Article: 'Original recycler' turns 115: A. Tenenbaum Co. making hay while sun shines on steel prices.(Family Business)
- Article from:
- Arkansas Business
- Article date:
- April 11, 2005
- Author:
CopyrightCOPYRIGHT 2005 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A. Tenenbaum Co. IS 115 years old, but a year and a half of sky-high steel prices have made these the salad days.
The North Little Rock scrap dealer's third-generation owner, Harold Tenenbaum, has learned never to predict how long the business cycle for a commodity will last, not even for business planning purposes.
"We do no forecasting," he said bluntly. "This business has cycled for years. You have to be ready for the good times ... and when it turns sour, hopefully you break even."
Still, Tenenbaum is making hay while the sun shines. He is adding a $2 million high-tech metal-sorting line. The Tenenbaum family is also spending some ...