Ravi Ramenani
Long only, value, utilities, deep value

One Man's Trash Is Another Man's Treasure

Introduction: Covanta energy is a little-known player in the duopolistic Energy from Waste (EfW) market. Covanta dominates 65% of the EfW market share in the United States and is a pure-play company. Recent pullback after less than favorable forecast during Q3-2013 gives long-term investors 70% upside on this investment. Covanta's stable revenue model along with recent orders has put this into a high-conviction buy list.

Energy from Waste (EfW), as the name suggests, is a process of converting non-hazardous Municipal Solid Waste (NASDAQ:MSW) into energy by burning waste in a specially designed power plants. "Mass-burn" technology does not need any pre-processing of waste received and the heat generated while burning the waste

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