Trading at 3 x Cash flow today. NiceAt today's price BFC is trading at 3.1 x free cash flow per share. That is after taking into account maintenance capital expenditures and about 30% tax on the profits. It still leaves about $2.80 per share that they can do what they want with. Right now the plan is to subtract about $0.50 to pay us a nice preferentially taxed dividend and use the other $160 million a year for some nice tuck in acquisitions.
I would also imagine the 50% reduction in gas prices must go along way to cutting the cost of moving garbage around.
No matter how ugly this recession gets, I seriously doubt people are going to want to start disposing of their own garbage.