Quick Hit: Garbage In, Garbage Out
Even GFL acknowledges financial smoke-and-mirrors in its long-awaited deal.
It’s finally over, almost….
GLF Environmental GFL 0.00%↑, whose drama and dysfunction are no strangers to subscribers, announced that it has finally reached a deal to “sell” its Environmental Services group… after dangling the idea in front of investors via leaks and official commentary for months. That includes one rumor, last summer, that the entire company would be sold.
But the stock is down on the news, and for good reason…