Covanta Holding Corp's 6.6% Dividend Yield - is it Secure?
Covanta Holding (CVA) is a waste-to-energy conversion company. It is sort of a utility. The company contracts with municipalities to handle their waste. It earns revenue from Tip fees for removing waste as well as from selling any recovered metals.
You can read a typical, but well-written research bearish article on Covanta from September 2019 by Freedom in Retirement, "Why I Would Not Invest in Covanta."
I thought this thesis was interesting, but I wanted to investigate the company's finances. After all,