Mr. Butler: My coverage primarily focuses on the non-hazardous solid waste haulers. There are about eight public ones. Obviously, environmental services can get a lot wider than that. I think most people include medical waste, with companies like Stericycle (SRCL), hazardous waste, with companies like Clean Harbors (CLHB) and even some waste energy players such as Covanta (CVA).
TWST: Why do you limit your coverage to the solid waste companies?
Mr. Butler: I shouldn't say I limit it to that; it is just the coverage I have
at the moment. Coverage is always in a state of flux. The nice thing about the
non-hazardous solid waste group is that you have a very homogeneous group. There
are about eight players out there. It is a good size mix from everyone as large
as Waste Management (WMI), which is 13 billion, down to some of the smaller
players that are 100 million in revenues.
Tickers included in this excerpt: AW, DAR, RSG, WCAA, WCN, WMI
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