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Progressive Waste Solutions (BIN +2.4%) is no garbage stock, RBC says in raising its rating to...

  • Wednesday, June 20, 2012, 3:47 PM ET
    Progressive Waste Solutions (BIN +2.4%) is no garbage stock, RBC says in raising its rating to Top Pick from Outperform. The selloff in shares on concerns of a "price war" in the waste management industry are unwarranted, the firm says; with BIN trading at historical lows, "we believe a contrarian view will be well rewarded."
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    As a shareholder, I appreciate the raising of the rating. However, "historical lows"? How far back of history is reviewed? Definitely not back to when the Income Funds tax situation was changed, and all Canadian Income Funds tanked. $25+ is still a good target for BIN, but the "historical lows" comment does not lend credibility to the author of the news story!
    21 Jun 2012, 10:11 AM Reply Like
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