More trash talking
Fuel costs are hurting these guys, but like all utilities, their revenues are fairly constant. Apparently, recycling is not profitable due to the fluctuation in commodity prices. I look for the price of plastic to increase a little, but modestly higher plastic prices will not make recycling more attractive. Here, recycling is done by a not-for-profit company, which is supported by the county.
The Sopranos are in the waste business....but what does that have to do with anything? Anyway, Waste Management Industries (WMI) is one of the largest companies in the industry. It has over $2 billion in revenues after taxes. They also have 17 waste to energy plants , 138 recycling plants, bioreactor landfills and 85 landfill gas projects ( capturing methane from decomposing trash).
Casella Waste systems is a smaller waste company with some recycling facilities. They also have a partnership that makes cellulose insulation. Positive.
Casella Waste
Do you have radioactive waste?
Try The American Ecology Group from Boise Idaho...They have a nice dividend and most of the stock is held by insiders (as opposed to underwriters)
(ECOL)
Clean Harbors Inc. (CLHB) Is the big cleaner in New Orleans for the toxic muck...and their stock has been going up for years.
Oh and, if you are a long term investor, watch out for shows on CNBC. They tend to sell stocks like a broker.
Jim Cramer? I suspect you have two days to get in then out of his stock ideas.
Boo YaMad Money Stats
411 on recycling
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