Waste Management: I'm Bullish, Despite Its Recent Underperformance

Waste Management, Inc.'s stock has been docile during the past year, which is exactly why it has drawn my attention. I think Waste Management's common shares might rediscover form when (or if) the market's emphasis on tech leadership vanishes. Fundamentally, I can see a scenario where the company focuses on efficiency gains. I think the big roll-up story is nearing its end, but financials show clear improvements in efficiency. The company's participation in renewable natural gas might be a hidden asset with future upside potential. Multiples and technical levels don't scream bargain, but I think this is a steady compounder, especially if paired with a rules-based DCA strategy.

Today's coverage focuses on Waste Management, Inc. ( WM ). Despite a near 20% year-on-year surge in industrial stocks, Waste Management's ordinary shares haven't done much, likely leading many to contemplate their positioning. Waste Management has delivered