Thursday, February 26, 2015
Can You Mike Money From Trash?
One example is Waste Connections Inc. (WCN), based in The Woodlands, Texas, has a network of 148 solid waste collection operations. The stock trades at 25 times trailing earnings and 20 times forward earnings. Quarterly earnings were up an incredible 22.9% on an 8.3% rise in revenues. It also pays a decent dividend of 1.1%. Last October, the company raised its dividend by 13%.
Republic Services Inc. (RSG), based in Phoenix, Arizona, has 336 collection operations. It has a trailing price to earnings ratio of 27 and forward P/E of 19. Unfortunately, earnings take 79% for the latest quarter on a slight increase in revenues. The yield is a healthy 2.8%.
Of course, there is Waste Management, Inc. (WM), With a trailing and forward P/E of 19. It also has a yield of 2.8%.
If you like interesting stock lasts like this, check out many of the free stock lists at WallStreetNewsNetwork.com.
Disclosure: Author didn't own any of the above at the time the article was written.