Garbage collection is an age old industry that is never pretty, unless you invest in it. As with many industries that are indispensable to society, waste management investors know that nearly every city in the world requires some sort of garbage collection. This is for hygienic reasons as well as maintaining a livable city for its citizens, so over the years these stocks have been steady performers. Waste Connections (NYSE:WCN) may not be the first company you think of in this sector, but it operates in most major cities across the United States and Canada. It offers residential and commercial waste removal, as well as solid and liquid waste disposal, oilfield waste treatment and recovery, and movement of waste cargo and containers.
Final Verdict on Waste Connections: It is a solid company that has performed well for shareholders over the years. If you want a steady, dividend paying stock that will never give you the high growth of other sectors, then the waste management sector is perfect for you. At this price level, we would definitely prefer investing in the industry leader Waste Management, which trades at a more reasonable ratio, and offers a higher dividend yield for investors.