Topic: How To Invest

I would like to know your latest views on Newalta.

Article Excerpt

Newalta Corp., $14.40, symbol NAL on Toronto (Shares outstanding: 54.4 million; Market cap: $786.2 million; www.newalta.com), manages waste and provides environmental services in North America. The company’s services include waste processing, recycling and product recovery, onsite and drill-site service (for resource companies), and collection, transport and disposal. Last week, Newalta’s shares fell from over $16 to their current level after the company reported that its earnings, excluding one-time items, fell 10.5% in the three months ended December 31, 2012, to $0.17 a share from $0.19 a year earlier. The latest earnings also fell short of the consensus estimate of $0.26 a share. The company sold fewer services to oil and gas companies, which cut their drilling due to lower prices. Even so, Newalta’s long-term outlook is positive. The stock yields 2.8%. Newalta is okay for aggressive investors to hold. …