Q: Hi,
Can I get your opinion on Secure Waste Management? I realize it’s not a pure waste management company, but these type businesses seem to do well over time.
Can I get your opinion on Secure Waste Management? I realize it’s not a pure waste management company, but these type businesses seem to do well over time.
5i Research Answer:
We would be comfortable owning some, maybe a half position to start. It is priced OK at 17X earnings, but has had cheaper valuations in the past. The balance sheet is decent and EPS growth is expected to be in the 10%+ range. Cash flow is quite stable, supporting the dividend.