Stericycle Inc: Buy the Dip?
While most waste management stocks were busy beating the S&P 500 last year, leading medical waste disposer Stericycle (NASDAQ: SRCL) fell from all-time highs to five-year lows. Why? Investors suddenly grew impatient with a debt-laden strategy that has grown the top line without much else to show for it. That argument was justified, but perhaps Wall Street was being a little too impatient.
Long-term investors that debated buying the dip at the end of 2016 but failed to act may get a second chance: a brief rally in the first four months of 2017 didn't hold. That means the stock is now trading close to 52-week and multiyear lows. But does that mean you should buy the dip in Stericycle stock?
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Source: Fool.com
