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home / news releases / CVA - Why I Would Not Invest In Covanta


CVA - Why I Would Not Invest In Covanta

I am taking a slightly bearish stance in Covanta Holding (CVA). The company has strong headwinds, starting with the weakening demand for ferrous scrap. Also, the operational performance has not been stellar in the recent past. The balance sheet is loaded with debt, and leverage continues to rise rapidly due to falling equity. The result is an unsustainable dividend in the long term. It is best to avoid a long position in CVA.

CVA’s future is not looking bright

Steve Jones, President, and CEO, mentioned in the 2Q 2019 earnings call that the

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Stock Information

Company Name: Covanta Holding Corporation
Stock Symbol: CVA
Market: NYSE
Website: covanta.com

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