911177--6/22/2006--CASELLA_WASTE_SYSTEMS

related topics

{condition, economic, financial}

{acquisition, growth, future}

{debt, indebtedness, cash}

{cost, operation, labor}

{tax, income, asset}

{competitive, industry, competition}

{provision, law, control}

{product, candidate, development}

{stock, price, share}

{cost, regulation, environmental}

{capital, credit, financial}

{stock, price, operating}

{regulation, change, law}

{financial, litigation, operation}

The Company s increased leverage may restrict its future operations and impact its ability to make future acquisitions. The Company may not be successful in making acquisitions of solid waste assets, including developing additional disposal capacity, or in integrating acquired businesses or assets, which could limit the Company s future growth. The Company s ability to make acquisitions is dependent on the availability of adequate cash and the attractiveness of the Company s stock price. Environmental regulations and litigation could subject the Company to fines, penalties, judgments and limitations on the Company s ability to expand. The Company s operations would be adversely affected if the Company does not have access to sufficient capital. The Company s results of operations could continue to be affected by changing prices or market requirements for recyclable materials. The Company s business is geographically concentrated and is therefore subject to regional economic downturns. Maine Energy may be required to make a payment in connection with the payoff of certain obligations and limited partner loans earlier than the Company had anticipated and which may exceed the amount of the liability the Company recorded in connection with the KTI acquisition. The Company may not be able to effectively compete in the highly competitive solid waste services industry. The Company s results of operations and financial condition may be negatively affected if the Company inadequately accrues for capping, closure and post-closure costs. Fluctuations in fuel costs could affect the Company s operating expenses and results. The Company could be precluded from entering into contracts or obtaining permits if the Company is unable to obtain third party financial assurance to secure the Company s contractual obligations. The Company may be required to write-off capitalized charges or intangible assets in the future, which could harm the Company s earnings. The Company s revenues and the Company s operating income experience seasonal fluctuations. Efforts by labor unions to organize the Company s employees could divert management attention and increase the Company s operating expenses. The Company s Class B common stock has ten votes per share and is held exclusively by John W. Casella and Douglas R. Casella.

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911177--6/22/2006--CASELLA_WASTE_SYSTEMS_INC