for line in $( if [ $recursive = "1" ]; then
	find $targetdir -mindepth 1 -print
else
	find $targetdir -mindepth 1 -maxdepth 1 -print
fi ); do
        # ...whatever
done



#######


if [ $recursive -eq 1 ]; then
	CMD="find $targetdir -mindepth 1 -print"
else
	CMD="find $targetdir -mindepth 1 -maxdepth 1 -print"
fi
for line in $( $CMD ); do
        #WHATEVER
done