Covanta shares seen growing for years -Barron's

(Reuters) - U.S. waste management and energy company Covanta Inc (CVA) is likely to keep growing for years because most of its revenue is secured by long-term contracts and barriers to entry in the waste-to-energy business are high, according to an article in Barron's on Sunday. Covanta's stock has tumbled 15 percent since management lowered it guidance for the year in its October 23 third-quarter earnings report, the article said, noting "this looks like a buying opportunity." Covanta operates 45 facilities that convert garbage into energy, making money from the waste it collects and the electricity and steam it produces, the article said.



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