I've done a lot of research into WM and I am impressed with their long term plans, such as converting their fleet to ng powered vehicles (should reduce opex considerably since ng is near all-time low prices and going lower), etc... trash collection and "disposal" is another type of utility -- our city contracts with WM and bills us on same bill as water and sewer... as long as the company keeps the divvy growing and is viable long term, I don't care what the share price wiggles do... in fact, I kinda like getting the divvies reinvested cheaper as I'll end up with more shares in the long haul.
Best,
Jim |
