Waste Connections (WCN.TO) Buy, Sell or Hold

Waste Connections (WCN.TO)

220.73

+1.80 (0.82%)

as of Sep 24, 2026, 8:00:00 pm Market Open.

289 watching

DON'T BUY

Big player in the North American waste disposal/garbage business. Balance sheet issues they addressed by raising some money. Garbage is economically sensitive. The more an economy prospers, the more industry and populace produce waste. A little early for this one.

PAST TOP PICK

(A Top Pick Apr 28/08. Down 39.23%.) Mild decrease in organic growth because of the recession. Bit of a disappointment when management decided to convert to a corporation early and slashed the dividend. Keeping an eye on management. On his Watch list.

TOP PICK

Garbage. Quiet company and not very cyclical. 50% corporate garbage. Should have very steady cash flow going forward. 5% yield.

BUY

(Market Call Minute.) Cheap relative to its US peers. Did a recent equity issue that cleans up their balance sheet a bit.

HOLD

Converted to a Corp. from a trust and cut its distributions. Waste management is a recession resistant group. Positive on the long-term story. One issue is the balance sheet where US debt is a little closer to the covenant than she would like. Some pressure from the market waiting to see how they de-leverage themselves in the US and this is currently in the works. Wait for the results before Buying. Good long-term hold.

BUY

Waste management has become a good place to be. When it turned back into a corporation, stock got hammered. Longer-term outlook is quite positive. Balance sheet is not particularly strained.

BUY

You would think garbage would be a pretty good business, even in a recession. Big dividend yield of 12.89%. Even if it dropped by 1/3, it is still 8%. Thinks it has been oversold. A lot of their revenue is in US$.

PAST TOP PICK

(A Top Pick Apr 28/08. Down 41%.) Has been a major disappointment. Distribution was slashed and is no longer acceptable to yield oriented investors. Need to do a lot of acquisitions and have high levels of debt.

DON'T BUY

(Market Call Minute.) Debt levels are still pretty high.

DON'T BUY

Signal to everybody that they were doing a restructuring but never mentioned a cut in distributions. They lost 17% of the market value, crushing their shareholders. A lot of credibility issues. Thinks it will go sideways for quite a while.

WAIT

Because of recent trust legislation, they can no longer acquire further assets. Management is going back to a corporate structure. Need cash for acquisitions so have pulled back on distributions. Wait until there are more growth investors onside. Wait for it to form a base.

COMMENT

Seriously considering this one. Good fundamentals. A key player in the waste management business.

BUY

For an income trust, it was an excellent model of relatively stable cash flow. When it converts to a corporation in 2011, there will be tax implications. The market is already pricing this in. Reasonable at today's price. 8.3% yield. Some of the recent selloff is in anticipation of a slowdown in the US economy, but longer-term an excellent business to be in.

TOP PICK

Major North American waste management firm. Recession proof. Stock has pulled back because management has stated that they may want to convert to a corporation earlier than 2011 but has said they will continue paying high levels of income. Can't see much downside if they do convert.

BUY

Much of their revenue and bottom line is derived from the US. As the US new home construction market slows, this will affect them. Doesn't expect earnings or cash flow to rebound in 2008. Longer term, it is in a very good business. 8.4% yield should be safe. Not a bad entry point.

Showing 196 to 210 of 305 entries

Most Recent Experts

Brendan Caldwell

Caldwell Securities

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

Joe Terranova

Virtus Investment Partners

Stephen Weiss, Founder, Short Hills Capital Partners

Short Hills Capital Partners

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Waste Connections (WCN.TO)