Q: Hello
WCN is taking a big hit today
holding it for a long term growth
should I add, hold or sell?
any equivalent companies that you recommend in the same field
of better choices
thanks
Michael
WCN is taking a big hit today
holding it for a long term growth
should I add, hold or sell?
any equivalent companies that you recommend in the same field
of better choices
thanks
Michael
5i Research Answer:
Yesterday, Bloomberg posted an article noting it may ultimately cost more to address a high-temperature event at WCN's Chiquita Canyon Landfill than previously thought. The company has budgeted for $100M to $150M in remediation costs this year but Bloomberg said it may be more. Overall, we likely the company, and such events do come with the industry, and WCN has a solid long term operating record. We would be fine holding, and would be buyers into further weakness. We would consider among the best in the sector.