Rough Day for Our Buy List

There’s no getting around it, today was a very poor day for our Buy List. We underperformed the market by 160 basis points. This was one of the worst days in recent memory.

The major culprit was Stericycle (SRCL) which lost 21.5%. The S&P 500 lost 0.51% today while the Buy List lost 2.11%.

Here’s how SRCL has performed:


From today’s newsletter, I wrote:

On the earnings call, Stericycle said they expect full-year earnings to range between $4.90 and $5.05 per share. This reflects the “unfavorable impact of the timing of the Shred-It synergies, softer industrial hazardous waste volume, and higher costs associated with our international operations.” Wall Street had been expecting 2016 earnings of $5.22 per share.

Going by the company’s guidance, SRCL is going for 18.9 to 19.5 times this year’s earnings.

Posted by on April 29th, 2016 at 8:07 pm

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.