Is Waste Management Stock a Buy?
Outside the shimmer and shine of hypergrowth companies lies the stable and stodgy realm of dividend stocks. What they lack in flair is made up for with consistent earnings growth and steady payouts.
As the largest waste and recycling services provider in North America, Waste Management (NYSE: WM) has developed a reputation for being a best-in-breed income stock. Its business may not be glamorous, but its returns certainly have been. The stock is up 21% year to date, reaching a new all-time high on Wednesday and handily outperforming its industrial sector peers as well as the S&P 500. Let's dive into Waste Management's numbers and growth potential to determine if the stock is a buy despite its higher valuation.
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Source Fool.com
