Transpacific blames hedge funds for shorting stock

Sydney Morning Herald- The waste management business Transpacific has attempted to snuff out concerns about its ability to service its $2.6 billion of debts, arguing that the market has failed to recognise its "incredible cash flow" and the value of its landfill sites.

After spending six months appeasing investor concerns over the group’s debt exposure, the executive chairman, Terry Peabody, said landfill sites were "another great asset of the company that I don’t think very many people realise".

He told ABC TV’s Inside Business that Transpacific could realise up to $100 million from its 26 hectare Tullamarine tip in Melbourne, which has come to the end of its life.

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