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

To: Spekulatius who wrote (49610)	9/29/2012 12:57:55 PM
From: gcrispin	Read Replies (1) \| Respond to of 78747

Interesting... A couple of comments: This looks like business calendar improvements to EBITDA in 2014 as the company in this presentation already is projecting that EBIDATA for 2013 will roughly be the same as 2012 CWST makes the case that they are undervalued to the sector, but, again, until they start hitting the same metrics they will remain so. They are also a regional player in a capital intensive business so I bet they will always trade at a discount. My suspicions are that the 20 million in cost cutting will not all fall to the bottom line as they have most likely deferred expenditures because of their constrained income and balance sheet statements. They already indicated that they want to purchase new NG dump trucks. Regarding the expansion of their landfills, it should be noted the comments from Mornngstar when they covered the company... ..."in 2010, it paid Casella Construction (a company jointly owned by both Casella brothers) $9 million for landfill services. Further, the company pays Casella Associates $25,000 a month for two real estate leases."