Is Waste Management a Buy?
When a huge, reliable dividend payer suddenly turns into a rocket-fueled growth machine, it can take you by surprise. Certainly, not many were expecting North America's top trash hauler and landfill operator, Waste Management (NYSE: WM), to turn into a turbocharged stock that's more than doubled the S&P 500's return over the last five years.
But that's just what's happened. The share price is at an all-time high. Revenue is at an all-time high. Net income and free cash flow are near all-time highs. But, like someone who hears the garbage truck outside and starts racing their trash can to the curb, you might wonder: Is it too late?
Let's take a closer look to find out.
Source Fool.com
