I don't see the value myself. The balance sheet is weak and getting weaker as they put on more debt.
I must be older than a lot of players here - I remember the collapse of RMG in 2005 after a lot of promises (total wipeout) and I also remember Credit Corp's fall from grace in 2008 ($13 high to 50c). CCP appears to have learn't from history and now maintain little debt and I hold them still - clh will fall hard if they don't address the debt issue. Talk of a ccp takeover is nonsense as clh has way too much debt - ccp would rather put them out of business I would think.
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- clh intrinsic value is about $1.775
I don't see the value myself. The balance sheet is weak and...
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