Opinions Tim Nash
Covanta Holding Corp.CVABUYSep 04, 2018
Tim NashUnknown
$17.55
Stock price when the opinion was issued
$20.25
As of Nov 29, 2021. Market Open.
insurance
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A very stable business. A large part of its business is waste energy. They use industrial, commercial and municipal waste and burn it and turn it into energy. It had been hit because of power prices coming down in the US, but those prices are bottoming and are starting to come up. Yield of 4.68%.
Christine HughesOwned
insurance
BUY
Energy from waste. Instead of sending garbage into a landfill, it is burnt and convert methane into carbon dioxide. (Further info from Peter. "There is a legacy insurance business within the company though a majority of revenue comes from Energy from Waste." Bill.)
Peter HofstraOwned
insurance
He really likes them but it's a risk that the company is involved in a specific waste-to-energy technology, which can change suddenly. CVA takes away waste and turns it into energy. A safer way to play CVA is the EDX ETF. 5.7% dividend