TSE:WCN

Waste Connections (WCN.TO)

228.59
-1.44 (0.63%)
as of Sep 4, 2026, 3:14:50 pm Market Open.
288 watching
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Investor Insights
star iconSep 4, 2026, 12:00 am

This summary was created by AI, based on 15 opinions in the last 12 months.

Waste Connections (WCN) is viewed as a solid investment within the waste disposal sector, praised for its dependable cash flow, strong balance sheet, and historical profitability. Analysts emphasize the company's unique position of owning a vertically integrated waste disposal ecosystem, providing it with pricing power in exclusive markets. Despite facing challenges such as escalating costs and some operational issues, the company has demonstrated resilience with positive revenue growth and promising earnings projections. Many experts cite its defensive nature against economic fluctuations, making it a reliable choice for long-term portfolios, alongside some potential for future acquisition growth in a largely oligopolistic industry. However, some caution against entering too aggressively at current price levels, suggesting that a price pullback could present a more attractive entry point.

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Consensus
Buy
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Valuation
Fair Value
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WM
BUY
Waste management. A sector that is very steady through all cycles. Trading in line or slight discount to some of the US competition and there are some concerns on consolidation but they have done a great job of making acquisitions in the US. Very good management team that is able to grow its business and distributions over time.
PAST TOP PICK
(A Top Pick Nov 10/06. Up 5.8% including distributions.) Waste management. Still likes. A relatively recession resistant business. Low payout ratio.
PAST TOP PICK
(A Top Pick Feb 23/07. Down 3.4% including distributions.) One of the premier waste management companies in North America. Industry leading margins. Good entry point.
COMMENT
As the 2011 tax changes come near, investors will be pricing this in. This company is a good model for an income trust. What has been hurting them is that they have a lot of operations in the US and the stronger Cdn$ has had a negative impact. He is starting to look at this at these levels. Yield of about 7.5%.
BUY
This is a good example of a trust that has a lot of flexibility between now and 2011. Made a very good trust and has done very well with a good steady, stable cash flow. One of the more growthy trusts. Feels the distribution is very sustainable.
BUY
Trades at about 8.5 EBITDA basis. 60% of their operations is in the US. Feels that in 2011 their taxes will be up from about 11% to about 22%. Organic growth has vastly outperformed its US peers. Strong management and conservatively run.
TOP PICK
Waste management. Recession resistant. Very stable operating results. Made an acquisition in the Northeast US, which solidifies their position in the Northeast US.
TOP PICK
Waste management. Operations in Canada and US. Very stable business. Recession proof. Organic growth has been phenomenal.
BUY
Long-term outlook is very good. Great organic growth. A large portion of their business is in the US, so there is currency risk.
PAST TOP PICK
(A Top Pick May 5/06. Up 4.4%.) One of the dominant players in the non-hazardous waste management. Recession resistant. Probably one of the better growth stories in the trust sector.
BUY
A great company.
BUY ON WEAKNESS
A core holding in their portfolio. Recession proof, very well managed.
BUY
Waste management. Tends to be a very steady Eddy in the market.
TOP PICK
Very strong management team. Made acquisitions. A consolidator in the waste management business. Have moved into the US, which has doubled their size. Pays down their debt.
TOP PICK
On a very positive upswing right now. Garners most of its earnings from the US. Strong organic growth. Very under appreciated.
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