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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: gcrispin who wrote (49604)	9/29/2012 2:15:49 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78742

I agree that the trash business is not all that attractive. The key with CWST is that it has some significant improvement in cash flow going for it, that are going to improve their bottom line starting next year: These numbers are taking from the 8/16 investors presentation: 6.5 M$/year reduction in G&A expenses (completed in 8/2012) 5.0M$/year savings from closing down Maine facility 9.0M$/year in interest cost savings from refinancing the 11% notes, contingent upon the capital raise announced today. =20.5M$/year in total cash flow improvements There are other incremental cash flow gains expected from increasing the existing landfill capacity and eliminating a takenir pay contract, but those will take longer to materialize., but could add another 5M$ annually. Not bad for a company with a ~160M$ market cap (after accounting for the capital raise).