From memory: the Queensland dump fees are material for BIN. Competitors are currently shipping rubbish from NSW to Queensland because of the cheap dump fees. This practice won't be anymore economical after the Queensland fee rise, basically levelling the playing field for BIN.
Hint: Bingo deposits its rubbish close to the source - and owns the largest dump (Oops - recycling centre) in NSW!
The analyst is right, the change of the Queensland rubbish fees is material for BIN, she just got the direction wrong. This will be a big boost for BIN!
The other thing she got wrong is the declining building industry. Many analysts call a bottom after a more business friendly government came it ...
BIN Price at posting:
$2.07 Sentiment: Buy Disclosure: Held
