Q: Wcn has been weak this year.Any thoughts on this name?
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.