Casella Waste Systems, Inc.
One of my favorite thoughts from legendary investor Warren Buffett is to look for companies with large ‘moats.’ Simply put, Buffett intends to hold stocks for long periods of time—usually forever. To do this, a company needs to have a strong competitive edge in order to survive over time. Businesses that operate in industries that are hard for competitors to penetrate stand a much better chance of surviving for more »
Value investors often profit by investing in necessary but unattractive industries. A case in point is waste disposal, which is a growth industry. Everyone needs waste disposal, even though we may not think about it. One garbage hauler that looks like an attractive opportunity right now is industry leader Waste Management (NYSE: WM).
As you can see, Waste Management’s share value has dropped steadily in recent weeks. It is more »
When investing with a long-term spectrum, an investor may look for any number of characteristics in a company. Possibly the company is a trailblazer in finding a cure for a deadly disease. Maybe the company is perfectly positioned to take advantage of a long-term trend, such as healthy eating. All these companies will offer long-term growth, yet companies that provide necessities will preserve and nurture capital like no others.
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One man's trash is another man's treasure, but taking out the trash didn't produce more treasure for Waste Management, Inc. (NYSE: WM) in the fourth quarter of 2011. However, there was a little treasure hiding in 2011 year-end numbers.
Taking [out] the trash resulted in revenues for the fourth quarter of 2011 of $3.41 billion compared with $3.19 billion for the same period the previous more »