I bought in around $11.00 so I am happy with my investment to date. The entire sector was so unervalued at that time - the decision to buy was easy. I only wish investing was always that easy. Going forward requires more thought.
USA Waste was very successful with this acquisition approach until it swallowed a whale with skeletons in the closet. Is the approach flawed? - I don't know entirely.
Going Forward: The question regarding this company's value is - What can it reasonably earn over the next couple of years?
Vertical integration of operations has been able to more than compensate for increased debt load costs to date. Can this continue? I think so (for the next 4 quarters or so), that is why I will continue to hold my shares until additional information is available.