I remember last year Roger Montgomery, or perhaps one of his...

I remember last year Roger Montgomery, or perhaps one of his team talking about CLH. Their concern was that with more competitors coming into the market, including a number of big international players - it would push up the price of the debt ledgers and reduce margins. I exited my position which I had taken not long prior after doing some more reading and getting nervous.

Looks like they were pretty on the money. If one fund manager was foreshadowing that, presumably others were as well and once sentiment turns it can be hard to fight. The Dividend yield is one thing, but it needs to be balanced against the capital value as well... will be an interesting time ahead for CLH one suspects.