Investors, how do you view Waste Management and at what price would you buy $WM+0.3% stock?
For me, this company is great and the stock is very stable and growing over the long term. The current price is not too bad, however I will be buying when the price drops below $150.
Capital Structure
Market Cap
84.0B
Enterpr. Val.
99.7B
Valuation
P/E
34.3
P/S
4.1
WM would like to be below PE 20 (max PEG 1.5), I seriously do not know why I should pay for them as a technology company when they have a net margin of 11.5% and profits are growing up to 10%. For similar money I can buy a technology monopoly ASML, GOOGL or TSMC, which has a net margin somewhere else. The last 10 years beat SPY, but how it will be the next decade I have no idea (performance since 2000 is almost the same). The fact that waste disposal will always be needed is nice, but you never know what kind of environment they will operate in and if they will even exist in 10-20 years.