Opinions
Stan Wong
Waste Management
WM-N
SELL
May 04, 2023
Stock price when the opinion was issued
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A treasure in a challenging market environment. A light industrial, since there isn't much cyclicality. Good line of sight to high single-digit organic growth rate. Tuck-in acquisitions. Vertically integrated. Good recycling business, with an emerging renewable nat gas division. A happy shareholder.
Waste Management is north america's leading provider of integrated environmental solutions. we partner with our customers and communities to manage and reduce waste from collection to disposal while recovering valuable resources and creating clean, renewable energy. we are on a quest for environmental performance, a mission to maximize resource value, while minimizing – and even eliminating – environmental impact so that both our economy and our environment can thrive. waste management tailors its services to meet the needs of each customer group and to ensure consistent, superior service at the local level. headquartered in houston, the company serves nearly 20 million municipal, commercial, industrial, and residential customers through a network of 367 collection operations, 355 transfer stations, 273 active landfill disposal sites, 16 waste-to-energy plants, 104 recycling plants, and 111 beneficial-use landfill gas projects. Social media mentions are up 1400% in the past 24h.
Likes the environmental space so much they launched Canada's first Global Biodiversity Fund, comprised of about 40 stocks. These stocks are focused on halting and reversing nature loss and restoring ecosystems. Companies like WSP, WM, and CLH will benefit from massive tailwinds driven by conservation targets.
Great, stable business model. Wide economic moat, barriers to entry. Streamlined costs. Tends to do well in more of a down or sideways market, similar to healthcare or consumer staples. Started to underperform last October. Decent yield of 1.67%.