WCAA's Long Term Performance Could Be Based on 2Q 2010

WCA Waste Corporation WCAA saw a promising 2Q that could set the stage for long-term performance, according to Wunderlich Securities. WCAA's 2Q revenues were at $59.5M. up 18.6% vs. Wunderlich's estimate of $57.4M and 2Q10 and 1H10 progress will be measured by WCAA's full-year revenue and EBITDA guidance of $225M and $55M, respectively, according to Wunderlich. Wunderlich maintains its "hold" rating and price target of $4.50, stating that 2Q results should demonstrate that weather impacts during 1Q were non-recurring. WCA Waste Corporation closed yesterday at $4.50.