The real kicker in this deal is that CLH has almost sold itself out of business. The capacity of CLH to compete with CCP is now very much dimished. This will therefore mean CCP should be able to compete even harder for purchased debt ledgers and hopefully grow its business even further in Australia.
I should say that CLH has gotten itself into this mess without the help of any competitors. It all comes back to very poor management and Board governance at CLH.
And once the US recovers the SP of CCP will shoot well past $40
CCP Price at posting:
$29.76 Sentiment: Buy Disclosure: Held
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