Waste Management: A Fantastic And Defensive Company

 

Summary

• The benefits of value and momentum strategies on an individual basis have been well-documented in financial literature.
• Waste Management's asset base is the largest and most diverse in the industry. We like this position.
• We think defensive environmental exposure makes sense in today's volatile (and pricey) market environment.

One of the reasons our members love us is that we tell the story through the numbers. Every income statement says something, every balance sheet has a history and every cash flow statement reveals a firm's true intrinsic value. The numbers talk--and we think every investor should listen to them. Let's see what they say about Waste Management (WM).
But first, a little background to help with the understanding of this piece. At Valuentum, we think a comprehensive analysis of a firm's discounted cash-flow valuation, relative valuation versus industry peers, as well as an assessment of technical and momentum indicators is the best way to identify the most attractive stocks at the best time to buy. This process culminates in the Valuentum Buying Index, which ranks stocks on a scale from 1 to 10, with 10 being the best. If in-depth academic research on our process is your fancy, please click here. Here's a brief summary of the abstract:
More at http://seekingalpha.com/article/2091733-waste-management-a-fantastic-and-defensive-company?source=yahoo