- This Waste Management, Inc. stock analysis is the 3rd of a 3 part series on the largest non-hazardous solid waste collection companies.
- The non-hazardous solid waste collection industry is highly fragmented due to its low entry barriers.
- Growing to a meaningful size is not easy and requires readily accessible sources of capital.
- The largest players within the industry have a sizable pool of acquisition opportunities.
- WM has not experienced any significant top line growth over the last 10 years but is growing EBITDA and FCF.
- WM might be attractive to some investors but I view it as too expensive at current levels.
Continue reading “Waste Management, Inc. Stock Analysis – Too Expensive for Me (part 3 of 3)”