I recently started buying into WM (unfortunatly) @33. And have been picking up more on the way down. I like dividends and I like garbage removal. I wanted Veolia but thought being an ADR the foreign taxes would slow down my dividend reinvesting strategy. Anyway what worries me is this. From what I see personally around my city Veolia trucks and dumpsters almost always look SUPER F-ing clean, like brand new washed and waxed clean. And the few WM trucks and dumpters I see look dirty and beat down. I was wondering if anone else sees this as a potential image problem and what you may think about it?
It is ironic that you posted about WM trucks and dumpsters being dirty, because in my "neck of the woods" I see just the opposite. Just about every WM truck and dumpster I see is shiny and clean...to the point where I acutally take notice. I read a few posts about WM charging too much as compared to other trash collection companies, yet I see more and more municipalities contracting with WM because they just can't compete economically. WM is also in several other business, such as landfill ownership, trash-to-steam cogeneration, and recycling, so I think they have a good corner on the market. No matter what the economy does, people will always have trash and a need to get rid of it. Just my observations...
Glad to hear that, I'm sure that fleets in different areas age and are replaced at different times. As the pps continues to fall (and divy rises) I am buying little bits to average down my cost. Just gotta hope the dividend gives us some support soon. And I'm reassured by the fact that the dividend has never been lowered since beginning in 98.
I just got into WM and hope to God it was a better decision than my purchase of VE close to 10 years ago. If memory serves; I seem to recall spending well into the $50.00 / share range for VE. What is it today? $18.00??
Worst stock choice I have ever made. Perhaps all those shiny new garbage trucks are the reason? More interested in pizazz than the bottom line?