Solid Waste & Recycling

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Solid Waste Index (June 01, 2001)

Solid Waste IndexSymbolExchange$Jan98$Mar01$May01%Index%ChangeShares$OrigValu$CurValuAllied Wast...


Solid Waste Index Symbol Exchange $Jan98 $Mar01 $May01 %Index %Change Shares $OrigValu $CurValu
Allied Waste Industries Inc. AW N.Y 20.38 14.8 16.92 10 14.32 37 750 622
Capital Environmental Res CERI NASDAQ 11.00 2.75 2.48 10 -9.82 68 750 169
Casella Waste Systems Inc. CWST NASDAQ 24.75 9.13 10.07 10 10.30 30 750 305
Imco Recycling Inc. IMR N.Y 16.75 4.2 7.08 5 68.57 22 375 158
Marsulex Inc. MLX T.O 6 2.35 3.85 5 63.83 63 375 240
Republic Services Inc. RSG N.Y 24 17.5 17.72 10 1.26 31 750 553
Safety-Kleen Corp. SK N.Y 15.75 0.42 0.39 10 -7.14 48 750 18
Vivendi Environnement (Euro) VIE Paris 34 48.98 50.4 10 2.90 22 750 1111
Waste Connections Inc. WCNX NASDAQ 12 31.69 29.95 10 -5.49 63 750 1871
Waste Recycling Group plc WRC London 3.25 4.55 4.87 10 7.03 231 750 1122
Waste Management Inc. WMI N.Y 23.75 25.57 27.41 10 7.20 32 750 865
Total 100 $7,500 $7,034
(Note: numbers rounded, * denotes weighting change)
Statistics
Starting Point Jan 98 Jan 01 May 01 Percentage Return
Solid Waste Index 7500 6734 7039 4.53%
DOW 7322 9504 11005 15.79%
TSE Composite 6700 7639 8292 8.55%
Technical analysis: The Waste Index is calculated on a bimonthly basis. In order to maintain consistency and to meet the publishing deadline, it’s calculated on the last Friday of the second month of the given time period. The graph is plotted on a biweekly basis and the final point on the graph represents the closing values for the three indices Friday, May 25, 2001. The index was started at a value of 7500 points so that its magnitude is in the same range as the DOW and the TSE. It’s made up of a proportional representation of the firms listed, broken down by the itemized percentages. Share quotes ignore currency.

Hot Sector News

This spring was very busy for solid waste companies on a number of fronts. Several divisions of Houston, Texas-based Waste Management Inc. made announcements related to waste-to-energy projects. Wheelabrator Technologies announced that it has converted 110 million tonnes of solid waste to energy, producing 50 billion-kilowatt hours of electricity since 1975. Intersan, part of subsidiary Canadian Waste Services Inc., received a certificate of authorization from the Quebec Ministry of Environment to develop Canada’s first bioreactor. This project is expected to generate 8 megawatts of electricity. WMI subsidiaries have 10 bioreactor projects in development.

Marsulex Inc. of Toronto, Ontario announced two agreements to provide its flue gas desulphurisation systems. One contract is with Santee Cooper, South Carolina’s water and electric utility, expected to generate US$200-million over the first 15 years. Another contract is to provide scrubber technology and services to Alberta-based Syncrude, expected to generate $150-million over 15 years. Finally, Marsulex announced plans to spin off some of its sulphur removal services and BCT Chemtrade operations into royalty trust called the Chemtrade Logistics Income Fund.


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