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Tuesday, March 3, 2020

An interesting new comer over the TSX: GFL Environmental Inc (GFL)

Today, the TSX welcomed a newcomer: GFL Environmental Inc (GFL). Unfortunately, GSL closed its first day on the TSX on a bad performance of -17.037%. It's not an easy time to be on the market, but still, GFL closed the day of a $22.40 per share. GFL Environmental Inc (GFL) seems to be quite similar to Waste Connections Inc. (WCN). At $131.33 per share, Waste Connections Inc. (WCN) is not cheap, but its overall chart is good. And WCN pays a little dividend. It's not clear if  GFL Environmental Inc (GFL) will pay dividend distribution or not. For its IPO, GFL was something like $25 per share. Back in 2019, GFL had to cancel their IPO, but I guess that the business is just out of luck. For that reason, I will keep an eye on GFL, just by curiosity.

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