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

Waste Connections (WCN.TO)

268.18

+0.44 (0.16%)

as of Nov 5, 2026, 9:00:00 pm Market Closed.

288 watching

BUY ON WEAKNESS

Good yield. Stable business. Pretty aggressive and are expanding into the US. Could see $15-$16 if the market stayed stronger.

TOP PICK

Waste management. Somewhat recession proof. Have gained in the penalty box for a couple of years. Changed from an income trust (Formerly BFC trust.) To a growth oriented company. Dividend of about 5%. Fairly highly leveraged.

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.

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Waste Connections (WCN.TO)