#10 - Republic Services (NYSE:RSG)
The two biggest names in waste management are Republic Services (NYSE:RSG) and Waste Management (NYSE:WM). Arguably, Waste Management may be the better-known name. However, over the last few years Republic has outperformed Waste Management, and the stock has done slightly better as well. Honestly, picking one over the other is more like saying you prefer chocolate ice cream more than vanilla. They’re both good, it can be just a preference.
Although Republic Services is not a utility, they provide a service that is always needed. This means there will always be a high demand for its services. And while they have to compete for business in many markets, often with Waste Management, there’s little doubt that the buy is big enough for both companies.
Republic does have a juicy dividend in its favor. Although the company only has a yield of 1.80%, it is increasing its dividend at an average pace of 6.80% over the last three years.
About Republic Services
Republic Services, Inc, together with its subsidiaries, offers environmental services in the United States and Canada. It is involved in the collection and processing of recyclable, solid waste, and industrial waste materials; transportation and disposal of non-hazardous and hazardous waste streams; and other environmental solutions.
Read More - Current Price
- $218.28
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 9 Buy Ratings, 9 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $215.71 (1.2% Downside)
We may look back on the coronavirus as an event that brought the word “security” back into investors’ minds. Stocks are certainly taking a beating, and if you’re hesitant to jump back in, that’s OK. However, the market will come back and when it does, the companies listed in this presentation will still be among the highest quality stocks you can own.
The thing about high-quality buy-and-hold stocks is that they provide a certain amount of peace of mind. In volatile market conditions, you’ll still have more ups and downs than you may like, and when the market is racing higher some, but not all, of these stocks, may not deliver market-beating growth. But remember, you’re buying these stocks for the long haul, not the short run.
The definition of buy-and-hold stocks may be changing, but remember the proof is in the performance. Over time, buy-and-hold stocks should not be leaving you anxiously monitoring every dip in the market. They should be the stock that you look at every five years and remember exactly why they fit your plan.
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