Solid Waste & Recycling

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Solid Waste Index (August 01, 2001)

Solid Waste IndexSymbolExchange$Jan98$May01$July01%Index%ChangeShares$OrigValu$CurValuAllied Was...


Solid Waste Index Symbol Exchange $Jan98 $May01 $July01 %Index %Change Shares $OrigValu $CurValu
Allied Waste Industries Inc. AW N.Y 20.38 16.92 18.55 10 9.63 37 750 683
Capital Environmental Res CERI NASDAQ 11.00 2.48 2.9 10 16.94 68 750 198
Casella Waste Systems Inc. CWST NASDAQ 24.75 10.07 13.52 10 34.26 30 750 410
Imco Recycling Inc. IMR N.Y 16.75 7.08 6.9 5 -2.54 22 375 154
Marsulex Inc. MLX T.O 6 3.85 3.95 5 2.60 63 375 247
Republic Services Inc. RSG N.Y 24 17.72 19.01 10 7.28 31 750 594
Safety-Kleen Corp. SK N.Y 15.75 0.39 0.24 10 -38.46 48 750 11
Vivendi Environnement (Euro) VIE Paris 34 50.4 48.5 10 -3.77 22 750 1069
Waste Connections Inc. WCNX NASDAQ 12 29.95 32.5 10 8.51 63 750 2032
Waste Recycling Group plc WRC London 3.25 4.87 4.11 10 -15.61 231 750 948
Waste Management Inc. WMI N.Y 23.75 27.41 30.28 10 10.47 32 750 956
Total 100 $7,500 $7,032
(Note: numbers rounded, * denotes weighting change)
Statistics
Starting Point Jan 98 May 01 Jul 01 Percentage Return
Solid Waste Index 7500 6902 7302 19.86%
DOW 7322 11005 10416 -5.35%
TSE Composite 6700 8292 7682 -7.36%
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, July 27, 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

A new global trend towards the use of gas from landfill sites to create energy continues to pick up steam. The City of Toronto recently chose Toronto Hydro Energy Services Inc. for a project designed to capture methane. Waste Recycling Group Plc of London, UK announced that within five years it expects to produce 170 megawatts or enough power for 170,000 homes.

Vivendi Environnement, SA of Paris, France continued to be active as the company announced that it won a 20-year contract worth 1-billion euros to build and operate a wastewater treatment plant for the City of Brussels. Vivendi also announced that it expects to list its shares on the New York Stock Exchange by the end of this year.

Waste Connections Inc. of Folsom, California recently announced a second quarter revenue increase of 23.6 per cent to US$94-million. Long Beach, California-based Earth Tech, a division of Tyco Flow Control, was awarded a five-year contract with the city of Newburgh, New York to manage the city’s wastewater treatment system and sewer overflows.


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