WM - Waste Management, Inc.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Stockaholic, Sep 12, 2019.

  1. Stockaholic

    Stockaholic Content Manager

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    Waste Management, Inc., through its subsidiaries, provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It provides 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, develops, and operates landfill gas-to-energy facilities in the United States, as well as owns and operates transfer stations. As of December 31, 2018, the company owned or operated 247 solid waste landfills; 5 secure hazardous waste landfills; 102 MRFs; and 314 transfer stations. It also provides materials processing and commodities recycling services; recycling brokerage services, such as managing the marketing of recyclable materials for third parties; and other strategic business solutions. In addition, the company offers construction and remediation services; services related with the disposal of fly ash, and residue generated from the combustion of coal and other fuel stocks; in-plant services comprising full-service waste management solutions and consulting services; and specialized disposal services for oil and gas exploration and production operations. Further, it offers fluorescent bulb and universal waste mail-back services through LampTracker program; portable restroom services under the Port-o-Let name; and street and parking lot sweeping services, as well as holds interests in oil and gas producing properties. The company was formerly known as USA Waste Services, Inc. and changed its name to Waste Management, Inc. in 1998. Waste Management, Inc. was incorporated in 1987 and is headquartered in Houston, Texas.
     
  2. Stockaholic

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    One Man's Trash...
    Thu, Sep 12, 2019

    We have all heard the saying one man's trash is another man's treasure. When it comes to literal garbage stocks, Waste Management (WM) and Republics Services (RSG), that saying is more than applicable today. After trading in strong uptrends all of 2019, both WM and RSG have had a rough September with investors dumping the stocks as they declined 4.9% and 3.5%, respectively month to date on higher than normal volumes. The strong performance YTD and big drops put these stocks in good company with the rest of the momentum world. These declines brought both stocks to the bottom of their trading ranges as each closed yesterday in extremely oversold territory (over 2 standard deviations below their 50-DMAs). Given the strong long-term uptrends and this pullback, RSG and WM earned perfect timing scores in our Trend Analyzer tool. Today, those declines have ceased as the stocks found support at prior lows that were first established in the spring.

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  3. Stockaholic

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    Dividend Stock Spotlight: Waste Management (WM)
    Wed, Jan 22, 2020

    Of all the stocks in the S&P 500, only one has had a positive return every day in 2020: Waste Management (WM). Isn't it fitting that a company involved in garbage hauling is doing so well in a year where it seems like many of this year's best-performing stocks came from the trash heap of last year's worst performers?

    WM currently yields around 1.8%, and while that's not high, it is right in line with the yield of the S&P 500. WM has also continuously increased its payout over the past 20 years, and with a payout rato of just 44% it has the ability to not only continue to pay shareholders but also grow the dividend.

    Up until the final weeks of 2019, WM had been in a downtrend since the late summer when investors rotated from momentum to value names. But in mid-December, it broke out of this downtrend before going on the current run of 15 consecutive up days (including today); the longest such streak in the stock's history (second chart below). As a result of this winning streak, the stock looks to be on the verge of a breakout with the stock making its first 52-week high since early September.

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    As Waste Management is just beginning to break out, it has seemingly been working at a lag to what is the company's largest competitor, Republic Services (RSG). Similar to WM, back in August RSG had consolidated around record highs without moving above those levels until the final week in December. Since then, RSG has taken out those prior highs and rallied an additional 5%. While there is obviously no guarantee that WM will follow in the footsteps of RSG's breakout, especially as WM currently trades at extremely overbought levels, RSG has set a promising path. Additionally, because RSG has run up more than WM, its dividend yield is lower and its P/E is higher.

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