In the ‘90s, this trash titan faked $1.7B in profits. The stock crashed, but long-term investors still won big. Waste Management ($WM) survived scandal, cooked books, and a massive stock collapse. How? Because boring, necessary businesses don’t go out of style. Cash flow > earnings. Always.
WM could be the definition of a boring and dirty business! This is one of those stable, will always have demand type companies that you could probably buy and never look at again for 30 years. The main thing to watch out for is that you don't pay too much for it.
Waste Management nicely falls under Peter Lynch's idea of "a boring and dirty business". I honestly never considered the company. Now I will!
Thanks for highlighting it! 🙂
WM could be the definition of a boring and dirty business! This is one of those stable, will always have demand type companies that you could probably buy and never look at again for 30 years. The main thing to watch out for is that you don't pay too much for it.