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Stericycle(美股:SRCL)

Stericycle is a compliance company that specializes in collecting and disposing regulated substances, such as medical waste and sharps, pharmaceuticals, hazardous waste, and providing services for recalled and expired goods. It also provides related education and training services, and patient communication services. The company was founded in 1989 and is headquartered in Lake Forest, Illinois, with many more bases of operation around the world, including toxic waste incinerators in Utah and North Carolina.

Stericycle has been harshly criticized by residents living near their incinerators and environmentalists across the globe.[4] Currently, Stericycle is being investigated by the state of Utah for burning hazardous, radioactive[5] waste above legal levels at their North Salt Lake location. The investigations also are in response to Stericycle's alleged falsification of records to hide the alleged illegal quantity burning near Foxboro Elementary in North Salt Lake.[6][7][8]

Stericycle, Inc., together with its subsidiaries, offers regulated waste management services, sharps disposal containers to reduce the risk of needlesticks, healthcare compliance services, pharmaceutical disposal, and regulated returns management services for expired or recalled products through incineration processes.

The company serves healthcare facilities such as hospitals, blood banks, pharmaceutical manufacturers,. Stericycle also serves myriad small businesses, which include outpatient clinics, medical and dental offices, abortion clinics, veterinary and animal hospitals, funeral homes, home healthcare agencies, body art studios, and long-term and sub-acute care facilities. Medical device manufacturers, consumer goods manufacturers, and retailers are also key customers.https://en.wikipedia.org/wiki/Stericycle
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SRCL有沒有甚麼特別的技術(護城河)呢? 看#1第二段好像有被抱怨和調查燃燒有害/放射性物質

晚點有空也來研究研究

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SRCL當然會有這些負面新聞
但要知道,醫院不找SRCL處理醫療廢棄物,還能找誰?

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SRCL全球市佔約10%,不曉得全球第一大或第二大醫療廢棄物處理公司是哪家?
北美的WM、RSG、WCN等三家其它類廢棄物處理公司股價都很貴,不曉得為何SRCL特別便宜?




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因財報未達預期

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謝謝Curry桑,
找了很多間廢棄物處理公司,
很多家績效比SRCL差很多的,可是股價都很貴…

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相信盈再表
買產品不變的龍頭股
SRCL應該獲利達瓶頸,但不要忘了Mike大的漫畫書說過沒有永遠成長的鵝

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From SRCL 10-K

業務分四大類, 其中大宗醫療廢棄物處理佔約55%, 工業廢棄物9%, 看起來像是客服服務佔約9% (2018年下降18%) 和機密資料銷毀佔約26%






服務說明



廢棄物處理技術(高壓滅菌, 焚化)



強項



可能遇到競爭



2018年有無形資產減損(客戶關係) 較2017年多, 但2017年有較多的Litigation支出




看完後, 沒什麼特別想法欸 @@"  

感覺客服服務比較像是non-core business
機密資料除了硬碟等硬體銷毀外, 很大一部分是碎紙
廢棄物處理看起來技術似無特別高明, 高壓滅菌和焚化外, alternative technology似未有特別的敘述(高溫殺菌only)
似SRCL目前最大的競爭優勢是既有的客戶合作long-term contract和既有的物流供應鏈
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回復 6# 蔚藍
  • Stericycle Inc. (NASDAQ:SRCL) is the largest provider of regulated medical waste management and related services to hospitals and other medical and dental offices in the United States.
  • WM、RSG、WCN廢棄物處理"種類"跟SRCL有點不同,SRCL應該是醫療廢棄物裡面最大的

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SRCL為何大跌

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建議同學桑問問題前先找找資料、提出自己想法!
找到了麻煩分享,感謝~

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第一季獲利每股0.57,較去年同期0.87,大跌

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學長
我只看出常利下降
請教學長,盈再表上如何看每季獲利
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建議熟讀講義,否則跟單就好!

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  • 止跌回穩...
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最近我有好幾支持股因財報不如預期跌了10%,
如SBH、SRCL、THC,
幸種了100支果樹才未偒筋⻣。

現在看股票都想20年後會不會變,
這種財報不如預期的事就不去理它,也無從理會

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預期報酬率剩1%,可以準備賣囉!!目前72了
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明年再賣

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