TSE:WCN

Waste Connections (WCN.TO)

268.18
+0.44 (0.16%)
as of Nov 5, 2026, 9:00:00 pm Market Closed.
288 watching
0
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.
BUY
Excellent management. Acquired a US company IESI last year. Has a landfill in northern Louisiana. May actually get some upside from the hurricane damage with all the waste and debris. Expects modest distribution increases over time.
BUY
Relatively low payout ratio. Has grown quite significantly as a result of the trust model.
BUY
Distributions are safe with a potential to increase them in '06. Might want to start buying around this price $27/28.
TOP PICK
(A Top Pick July 15/05. Up 6%.) A great core holding A very stable business. Recession proof.
TOP PICK
A favourite. They operate land fill sites and non-hazardous solid waste collection in Canada and the US. Has increased its distributions 4 times since becoming a trust and expects this to continue.
TOP PICK
One of our larger holdings. One of the larger players in solid waste management. Stable business. Very deep management team.
BUY
Strong history of tuck-in acquisitions and made a large US acquisition last year that has catapulted them to be a major player in the waste management business. Would like to see them continue to integrate that acquisition and supplement it with some tuck-ins.
TOP PICK
(A Top Pick Apr 15/05. Up 9.2%.) A full service waste management company. A recession resistant industry. Very strong organic growth in Canada and the US. Very conservative payout ratio (mid 80's). Not really cheap, but given the growth prospects and conservative payout ratio, a great buy.
BUY
In full service waste management. Yielding about 6%. A high quality company. Wouldn't buy for capital gains, but for a steady yield, it's a good holding.
BUY
Waste management is a great business, an ideal type of trust with long stable contracts, pricing power. Just made a major acquisition in the US. Double their revenue base. Hedged their currency exposure so they don't gert hit on currency. Very well managed.
TOP PICK
Made a couple of big acquisitions which more than doubled the size of the business. Hauling trash is one of those things that is never going to go away. Higher fuel costs will be able to be passed on.
TOP PICK
A waste management company that operates in Canada and recently into the US. Good income trust model. Recession resistant. Strong market position. A fair degree of pricing power. Balance sheet is about 1.7 X debt to EBITDA which is low. A healthy payout ratio. Expects another distribution increase this year.
BUY
Relatively recession resistant. Made a lot of tuck-in acquisitions resulting in some increases in distributions. Late last year, made a major US acquisition making them a North American waste management business. Should be more upside.
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