TSE:WCN

Waste Connections (WCN.TO)

220.73
+1.80 (0.82%)
as of Sep 24, 2026, 8:00:00 pm Market Open.
289 watching
0
TOP PICK
(A Top Pick Feb 17/06. Down 2.5%.) Provide non-hazardous waste services. Fundamentally, the story is still on track. There is a bit of US$ exposure here but they have good hedging in place.
BUY ON WEAKNESS
A waste management trust. Market is a little concerned about the rising costs they are facing. Long-term, have an excellent franchise. Sensitive to interest rates.
BUY
Likes.
WEAK BUY
BFI is a high income trust. They have had decent pay out ratio and pretty good margins. Still buying it in his open ended mutual funds as part of the portfolio.
TOP PICK
North America’s largest, non-hazardous waste collection and disposal business. The underlying base business is very suitable as an income trust. Fairly high margins. Made good acquisitions.
BUY ON WEAKNESS
Garbage collection and landfill operation in Canada and the US. Prudent management team. Grows by acquisition. Recession proof. Not cheap right now.
TOP PICK
(A Top Pick Sept 16/05. Down 9%.) A full service waste management company. Provide non-hazardous collection and landfill services both in Canada and the US. A very recession resistant industry. Strong organic growth. Good management. Not a cheap name, but hasn't come back as strong as other business names.
BUY
Waste collection is a good business. There is only a little bit of seasonality. Generates very consistent cash flows. Expanded into the US about a year ago through an acquisition. This company can grow organically or by acquisition. A good long-term hold.
BUY
One of his favourite business trusts. After the government made their announcement on trusts, this one moved from $24 up to $30. Since then, hedge funds have been unloading their positions so the fund is down on the short-term but it should be okay long-term.
TOP PICK
One of the hallmark businesses in the group. A very stable company with a good track record. Likes waste management as its recession resistant. Payout ratio is low at 85. Try to buy on a bit of a dip.
BUY
In the waste disposal business. They are going to consolidate a fragmented industry across North America. Recession resistant. Also have pricing power. Not inexpensive.
TOP PICK
The 6th largest non-hazardous waste management firm in North America. A really great growth record.
PAST TOP PICK
(A Top Pick Sept 16/05. Down 8.5%.) After the government's trusts announcement, the rest of the business trusts dropped 15%, so this one didn't fare too badly. Great company. Very strong earnings.
HOLD
A very well managed company. A non-cyclical business of waste management, garbage collection and landfill. Just reported excellent results as usual. Because they have some operations in the US, there may be an opportunity for them to develop a more efficient tax structure.
PAST TOP PICK
(A Top Pick Aug 26/05. Down 15% not including distributions.) Has been a tough period for business trusts. A great business.
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