Trash haulers make big money from commercial and construction, which means sales haven't grown much since the recession, particularly in hard hit California. Unemployment in that state got over 12% during the recession.
But, the economy is off its back and climbing again and that means more businesses are opening, more buildings are being built and more homes are being renovated. That's good news for waste collection and disposal companies like Waste Connections (NYSE:WCN).
The company has been scoring strong all summer in the system used by my firm E.B. Capital Markets, LLC, and it recently improved, suggesting it's a good time to look more closely at the company.
Source: E.B. Capital Markets, LLC
I've reviewed the SEC...
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