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Monthly Waste Recap February: Global Waste Symposium, Annual Reports, And General Industry News

Veni Vidi Emi profile picture
Veni Vidi Emi


  • We take a look at the political, corporate, and financial changes that have occurred in the past month.
  • We investigate with a focus on the implications for investors.
  • We look at the events happening in March, a relatively quiet month.

A month ago, in my January waste recap, I projected that February would be one of the most important and eventful months for 2018. The prediction came true, and in this edition of our monthly waste recap, we will explore exactly why this month held such importance in the industry. As always, we will prioritize news that have a direct effect on investors. The edition is in no manner a fully comprehensive view of the enormous (500 billion) waste sector but an excerpt of the news I found most relevant for investors, along with perspective through my personal commentary as an investor.

A lot of events happened this month, but we will specifically focus on the annual reports, the global waste symposium predictions, M&A, the infrastructure plan, sustainability & recycling events, what the month of March brings and some industry news ranging from c-suite changes to business transformations. As usual, we also cover the stock performance of the waste industry for the past month.

Price Performance:

February was a rough month for the markets in general with the S&P 500 down ~3.03%.

The big three outperformed slightly with mean returns of -2.79%. Waste Management (NYSE:WM) was down -3.48%, Republic Services (NYSE:RSG) down 3.33%, and Waste Connections (NYSE:WCN) down -1.56%.

The broader American waste market did slightly better returning -2.68% on average. The global waste returns approximated -2.94%.

The biggest movers were Advanced Disposal (NYSE:ADSW) down -9.14% and Casella Waste Systems (NASDAQ:CWST) up 4.10%.

The Annual Reports

All the major waste companies reported annual results and updated guidance. I covered the in-depth quantitative facts in my article "Waste Management, Republic Services And Waste Connections: Comparing Results, Guidance, And What It Means For Casella Waste Systems And Advanced Disposal Services".

Almost every waste company reported strong numbers for 2017, but some had weaker

This article was written by

Veni Vidi Emi profile picture
"I came, I saw, I bought" - - - - - - - - - - - - -Currently inactive due to work and other responsibilities.

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (3)

ryanmartin8 profile picture
Have been watching WM for awhile, would like it to drop some more before going long.
to the author: thanks for this! Long WM
Veni Vidi Emi profile picture
Thank you! Always nice to see appreciation, helps me decide whether to continue covering certain topics.
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