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Covanta Holding Corporation (CVA) [hlAlert]

Rating:
Buy CVA
down 30.04 %

Danielson Holding Corporation (CVA) rated Buy by Broadpoint Capital

Posted on: Wednesday,  May 7, 2008  8:25 AM ET by Broadpoint Capital

Broadpoint Capital rated Buy Covanta Holding Corporation (NYSE: CVA) on 05/07/2008, when the stock price was $28.16. Since
then, Covanta Holding Corporation has lost 30.04% as of 01/20/2016's recent price of $19.70.
If you would have followed this Broadpoint Capital's recommendation on CVA, you would have lost 30.04% of your investment in 2814 days.

Covanta Holding Corporation (Covanta) is a developer, owner and operator of infrastructure for the conversion of waste to energy (energy-from-waste), as well as other waste disposal and renewable energy production businesses in the Americas, Europe and Asia. The Company conducts all of its operations through subsidiaries, which are engaged in the businesses of waste and energy services. Covanta also engages in the independent power production business outside the Americas. It has investments in subsidiaries engaged in insurance operations in California primarily in property and casualty insurance. On December 22, 2008, the Company acquired Indeck Maine, LLC from co-owners Ridgewood Maine, L.L.C. and Indeck Energy Services, Inc. On June 2, 2008, Covanta acquired an energy-from-waste facility in Tulsa, Oklahoma from The CIT Group/Equipment Financing, Inc.

Broadpoint Capital, Inc. is an investment banking and capital markets firm that provides corporate and public finance services and trading of corporate, government, and municipal securities for institutions. The company has three divisions: Municipal Capital Markets division, which underwrites and trades municipal securities in new issue and secondary markets; Taxable Fixed Income division, which is a dealer focusing on fixed income securities with limited liquidity; and Equity Capital Markets division, which is a sector-focused investment banking group providing research, trading, raising of capital and advisory services for institutional and corporate clients. Broadpoint Capital, formerly known as First Albany Corporation, was founded in 1953 and is based in New York, New York. The company operates as a subsidiary of First Albany Companies Inc.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/7/2008 8:25 AM Buy
None
28.16
as of 12/24/2008
1 Week down  -16.30 %
1 Month down  -0.94 %
3 Months down  -25.92 %
1 YTD down  -51.70 %

(*) Stock Price at the time of the recommendation.
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