Dump Covanta, CVA

Did you dump Covanta stock on January 16, 2009?   If not, your second and last chance to dump CVA was January 15, 2010 at $19.34.

Toni Orlando's boss Mr Sam Zell sold a few Covanta shares in March 2009.

5-Mar-09	SZ INVESTMENTS LLCBeneficial Owner (10% or more)	558,000	Direct	Sale at $13.61 per share.	$7,594,380
5-Mar-09	ZELL SAMUELDirector	558,000	Indirect	Sale at $13.61 per share.	$7,594,380
4-Mar-09	SZ INVESTMENTS LLCBeneficial Owner (10% or more)	1,008,700	Direct	Sale at $14.16 per share.	$14,283,192
4-Mar-09	ZELL SAMUELDirector	1,008,700	Indirect	Sale at $14.16 per share.	$14,283,192

Covanta's long term debt including liabilities is most recently stated at about $3.05 billion ($3,050,000,000).  That's thirty times the profits for 2009.  Hopes are high for a rescue from the Dublin incinerator.

Covanta's total revenue for 2009 was stated at $1.5 billion ($1,550,467,000).

Net income for 2009 was just $0.1 billion ($101,645,000) which you could earn recycling cans many times over like the milionaire tramp in Sweden who dined out in waste bins.

Image: Mr Zell of Covanta.  Not the Millionaire Swedish Recycling Tramp.

Covanta's finance director, aka CFO, fled to Alberta in March 2010.  But you knew that on Jan 15, 2010.

UPGRADES & DOWNGRADES HISTORY

Date	Research Firm	Action
16-Oct-09	Oppenheimer	Downgrade
18-Sep-09	Barclays Capital	Downgrade
24-Jul-09	Ardour Capital	Downgrade

Covanta Downward Momentum Looks to Continue (CVA) - 3/25/2010 7:23:48 PM  By Chip Brian, SmarTrend Analytics Team

SmarTrend identified a Downtrend for Covanta (NYSE:CVA) on January 28, 2010 at $17.99. In approximately 2 months, Covanta has returned 8.4% as of Thursday's closing price of $16.49.

Covanta is currently below its 50-day moving average of $17.64 and below its 200-day moving average of $17.48. Look for these moving averages to decline to confirm the company's downward momentum. 

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MAJOR DIRECT HOLDERS (FORMS 3 & 4) Holder Shares Reported ZELL SAMUEL 19,500 7-May-09 SZ INVESTMENTS LLC 12,607,682 6-Mar-09 BARSE DAVID MICHAEL 483,077 24-Jul-09 PATE WILLIAM 363,377 7-May-09 ORLANDO ANTHONY J 272,117 19-Mar-10
TOP INSTITUTIONAL HOLDERS Holder Shares % Out Value* Reported THIRD AVENUE MANAGEMENT, LLC 9,261,289 5.98 $167,536,718 31-Dec-09 Blue Ridge Capital Hlgds LLC/Blue Ridge Cap Offshore Hldgs L 8,662,117 5.59 $156,697,696 31-Dec-09 NEUBERGER BERMAN GROUP, LLC 6,729,893 4.34 $121,743,764 31-Dec-09 MORGAN STANLEY 5,171,425 3.34 $93,551,078 31-Dec-09 BAMCO INC. 4,815,573 3.11 $87,113,715 31-Dec-09 VANGUARD GROUP, INC. (THE) 4,249,617 2.74 $76,875,571 31-Dec-09 SOROS FUND MANAGEMENT LLC 4,143,974 2.67 $74,964,489 31-Dec-09 S.A.C. CAPITAL ADVISORS, LLC 3,804,787 2.46 $68,828,596 31-Dec-09 PRINCIPAL FINANCIAL GROUP, INC. 3,521,918 2.27 $63,711,496 31-Dec-09 BARCLAYS PLC 3,340,080 2.16 $60,422,047 31-Dec-09