They are 80% levered and have a track record of shall we say, "adventurous" accounting.
Good luck, but I would not go near it...
If unemployment rises meaningfully next year the company could fold due to its collections forecasts being out of whack, triggering impairment. Granted, I think Aus will fair better than other countries, there is still a lot of risk to collections outlook.
Ann: CLH ASX Release, page-58
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