#7 - Waste Management (NYSE:WM)
Waste Management (NYSE: WM) It's said that death and taxes are two of the only constants in life. To that, you could add trash. Waste management covers an underlooked segment of the market, but one that has the potential to be extremely profitable. Simply put, trash is becoming big business and that’s not only because we continue to generate waste, but there has to be someplace to put it. Landfill sites are becoming more sophisticated and Waste Management is one of the companies that is developing new revenue streams by changing the way businesses think about recycling. For example, the need for electronics recycling is becoming more important than ever and companies are realizing that beyond the need to ensure data is wiped from hard drives, the physical disposal of hardware is not just as simple as putting it into a landfill. With 90 material recovery facilities across the country, WM was able to keep over 37.5 million cubic yards of waste out of landfills in 2017. And with a customer base that relies on their weekly, or on-demand, services, they have a stream of consistent and predictable revenue.
About Waste Management
Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.
Read More - Current Price
- $224.41
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 11 Buy Ratings, 11 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $226.11 (0.8% Upside)
