Stocks Down Under 27 August 2020: Cleanaway Waste Management, Alkane Resources, Carindale Property Trust
Cleanaway Waste Management: Dumpster diving and coming up with gold
Cleanaway Waste Management is a full-service recycling and resource management company with over 4,500 vehicles and over 260 locations across Australia. While Cleanaway does have competition from companies like Bingo Industries, the industry requires significant infrastructure, like landfills, recycling facilities and transfer stations, that would be extremely difficult to replicate. During 2019 Australia’s population grew 1.4% according to the Australian Bureau of Statistics, and this trend is widely expected to continue. A larger population and larger economy mean more waste and we believe Cleanaway is perfectly situated to take advantage.
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