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Waste Connections Inc. Message Board

  • DaveScatt DaveScatt Jan 8, 2003 11:06 AM Flag

    Is WCN a buy??

    Anyone out there with any opinions, good or bad, would be appreciated. I don't have too many stocks at this point in time. Had my brains beaten in by the market over the last year as I'm sure many of you have also. I'm looking to get back in and WCN intrigues me. Looks good on many fronts. Just fishing for some thoughts on those that may know the industry better than I do. TIA

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    • WCN is temporary, they spend no money on their operations, their fleet is extreemly poor. They exist to be bought by another hauling company.

      • 1 Reply to DPorsche
      • Yes, it is a buy...we can go into arguments here...but if WMX is 7x ebitda, this company, which is far better than WMX, can sell at 7.5x..company is trading down on comments that acq. market is not as robust..still, you get double digit growth in protected markets at 10x fcf a share...50% of company is exclusives.

    • I am holding and waiting for the $40-$45 range.

      WCN is a growth company specializing is consolidating secondary markets. They have little competition and many franchise agreements that guarantee a minimum profit. Although they have high debt, they have been able to consistenly increase value with each acquisition.

      Most in the industry assume that WCN is positioning itself to be bought out. Presumeable by WM, AW, RSG.

 
WCN
67.21+2.06(+3.16%)Apr 28 4:02 PMEDT