Waste Management

WM-N

Low beta stock. Defensive name. We are long in the bull market and want to minimize company specific risks. Dividend of 2.1%. (Analysts’ price target is $95.10)

Best time to buy/sell is between March 4 and May 30. A way to maintain industrial exposure and take down risk. Back to all-time highs. Struggling to reach new highs. Momentum is fading. Vulnerable.

This is a great company and a good industry. Once you sign up you will continue with them. This is a good business model. If your time horizon is long enough you could buy it now.

It has had a great run. The valuation is not rally that stretched. He would like to see more growth. It is a consistent story with good cash flow. It is not a bad place to be but he is not involved. You need to see what happens in the next 2-6 weeks. Be cautious with new positions.

There are no bargains in this business. They have pretty good growth and can make many good acquisitions going forward. Valuations are high. He likes the business, however.

A good company, defensive, good dividend but no potential catalysts. Over time it will grow. Clean pension plan and low beta. You can hold for the long term.