Alger Mid Cap Focus Fund on GFL Environmental Inc.

GFL Environmental is one of the largest diversified environmental-services companies in North America, with solid-waste collection, recycling and related operations across Canada and the United States. The company reported better-than-expected first-quarter results and raised full-year guidance, but the stock weakened after announcing a sizeable acquisition in Western Canada. Investors focused on the equity component used to fund the deal and the integration involved in absorbing a large new platform.