Is WM a good stock to buy?
We came across a bullish thesis on Waste Management, Inc. on r/investing_discussion by Variant_Invest
In this article, we will summarize the bulls’ thesis on WM. Waste Management, Inc.’s share was trading at $224.28 as of June 10th. WM’s trailing and forward P/E were 32.46 and 27.17 respectively according to Yahoo Finance.
Dmitry Kalinovsky/ Waste Management, Inc., through its subsidiaries, provides environmental solutions to residential, commercial, industrial, and municipal customers in the United States and internationally. WM is being viewed through the lens of headline acquisition debt rather than its underlying cash generation strength, despite operating as one of the most consistent free cash flow machines in industrials. The company generates nearly $3 billion in annual free cash flow and maintains about $2.4 billion in available liquidity, providing substantial coverage against perceived leverage concerns tied to the $3.8 billion Stericycle acquisition debt.