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Monthly Waste Recap March: New Deals, New Tech, And Next Month

Apr. 05, 2018 10:11 AM ETRepublic Services, Inc. (RSG), WCN, WM, WCN:CAADSW, CWST5 Comments
Veni Vidi Emi profile picture
Veni Vidi Emi


  • This monthly recap is focused on a quiet month.
  • We cover the evolutions of older stories such as China, Construction, and Organics.
  • We cover new stories such as MRF Automation.
  • Price action for the month along with next month's news is also included.

Slightly delayed due to Easter.

In my February waste recap, I predicted a slow month with a few conferences, Casella Waste (CWST) reporting their annual results, and little else. My predictions were accurate, and only non-expedient information was revealed during the month.

Waste Management (NYSE:WM) committed to an acquisition, the pressure on organic landfill volumes increased, and the predictions I made relating to construction waste were backed by a brand new report on C&D waste. MRF Automation is also covered as material new information has surfaced.

As always, the monthly price recap:

The S&P had yet another rough month down -1.7%. The big three outperformed materially with mean returns of -0.32%. The biggest loser was Waste Management down -1.44% while Waste Connections (NYSE:WCN) pulled ahead of the pack with a 1.17% return. Republic Services (NYSE:RSG) returned -0.7%

The entire universe returned -0.75%, but had extreme variance. Casella Waste Systems returned -8.13% while Suez ((OTC:SZEVF), (OTCPK:SZEVY)) returned 5.3%. Advanced Disposal (ADSW) returned 3.05%.

As always, even in quiet months, there was a plethora of news that occurred over the past month. I will focus on the ones with relevance to investors or occasionally out of general interest and respect.

Goodbye to Huizenga:

An example of non-financial news I do cover would be the passing of Wayne Huizenga. Mr. Huizenga founded Waste Management and co-founded several other companies (AutoZone, Blockbuster) and had many interesting aspects to his personality. Mr. Huizenga passed on the 22nd of March. Two Huizenga quotes stand out to me:

"Don't get greedy. Just look for win-win. Be fair. Take some off the table when it's reasonable."

"Why do you climb the mountain? Because it's there."

The Chinese Saga continues:

My favorite piece this month was from Wastedive.com. The interview with Brent Bell, the head of recycling, from Waste

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.

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