Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Stericycle(SRCL) -- Ignore unavailable to you. Want to Upgrade?

To: wpckr who wrote (9)	3/30/1999 12:55:00 PM
From: JDAVID38	Read Replies (1) \| Respond to of 59

Your comment on the "internet craze" is appropos. This company is perfectly positioned to benefit from broad changes in the medical waste industry, yet no one seems to care. SRCL is flush with cash, having just completed its 3.5 million share follow-on offering. Its two major competitors for acquisitions - Med Waste and Browning Ferris - both appear to be on the blocks and are thus no longer in the game. In fact, Allied Waste is likely to sell Browning Ferris's med waste business once their merger is completed. Stericycle is the most likely buyer. Wall Street research on this company is poor - it is neither a medical company nor a typical waste company. Management executes its business well but does a lousy job with investor relations. As the company continues its acquisition binge, I suspect it could earn $2.00 per share by 2001. All in all, a great opportunity, but it's still a "nobody cares" stock. Once the size of their acquisitions grow and analysts start to raise estimates, however, people will care, and this illiquid stock will become very difficult to buy.