The Trash Can as Cash Machine!
Waste Management has consistently increased its payouts over the past 23 years and is likely to become a dividend aristocrat soon.
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The stock of Waste Management (NYSE: WM) belongs to the rare companies whose business model is simultaneously boring, essential, and highly profitable. Trash does not disappear in economic downturns - it always accumulates. It is this structural stability that makes WM one of the most defensive quality stocks in the US market. However, the real investment case lies in the moat of the business model. Landfills, recycling facilities, and collection networks are extremely capital-intensive and subject to strict approval processes. New competitors...
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