WCNX has stagnated around $30/share for some time. When I originally bought at $11 last year the stock was obviously undervalued. Now that it is cycling around $30/share for some time, I again believe this stock has become undervalued.
The garbage business fundamentals remain the same and WCNX has consistently proven its ability to integrate acquisitions. $28 is bargain price based on where I expect it next year.
Ron is a sharp guy. This latest move is positive not negative.
I was attracted to this stock through TC2000. Chart and fundamentals look good. I have been trading it between $27 and $31 and have done very well. I'm usually a buy and hold for awhile person, but lately there haven't been many safe places. WCNX should stabilize and continue it's move up from here.
The Sacramento Bee Business section has a short articel on Waste Connection. The indication is the stock has dipped lately because of several recent purchases. The article is there, www.sacbee.com in the business section. Good luck The CEO expects the stock to go back up in 2 weeks?