CW, that an aging mentality these days. Onc it was hip to be a recycler, now is law, and bigger businesses are getting on board with promoting it ... recession or not. There is enough momentum around now within the construction industry to make an impact on earnings.
Which is where I'd put TPI ... if they can survive the next few months, next year should see an increase in construction (hence recycling waste). Industrial waste earnings will improve with paper and steel costs going up (prices on these currently still subdued).
If TPI can hold and develop more clients the increased earnings will hopefully pay back some of the enormous debt. The fact they have Macquarie Group buying in for 15% recently and ANZ floating in and out shows promise in my opinion.
TPI Price at posting:
$1.07 Sentiment: ST Buy Disclosure: Held
