Darling International is a green company that is over 100 years old. It is essentially a garbage recycling business which takes animal waste products from meat packaging plants and used cooking oils from restaurants and recycles them into useful products such as bio fuels etc. According to Darling’s CEO, Steve Stuewe, Darling recycles millions of pounds per day of food waste. Ross Hamilton of Darling International explained that the company takes carbon, nitrogen, and phosphorus that would be harmful to the environment and recycles it into useful products. This is really a great business model because it takes waste products that are free and manufactures and sells products from them. Even better, restaurants are required by law to dispose of their grease in ways that do not harm the environment and Darling is responsible for enforcing these standards. It’s a sweet deal for Darling.
What about the financials?
Darling has a 52 week trading range of from 7 to 19 and on August 18th dropped to 13.75 and has been risen to 15 intraday trading. The company has a market capitalization of $1.69 billion, a price/earnings ratio of 11.92 and earnings per share ratio of $1.21 ttm. See more at Seeking Alpha.
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