2024-01-24 07:30:00 ET
Summary
- Buying businesses with simple and ingenious business models can work out well over the long haul.
- Waste Management’s results in the third quarter were mixed.
- The company enjoys an A- credit rating from S&P on a stable outlook.
- Shares of Waste Management appear to be priced at a premium to fair value.
- The company may be positioned to outperform the S&P in the next 10 years, but the margin of safety is lacking in my opinion.
One of the characteristics that I prefer from a prospective investment is an easy-to-understand, profitable business model. Why do I put so much stock into this quality from a business?...
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Waste Management: A Great Dividend Grower For A Watch List