Waste Connections (WCN.TO) Buy, Sell or Hold

Waste Connections (WCN.TO)

217.03

-0.51 (0.23%)

as of Jun 19, 2026, 8:00:00 pm Market Open.

191 watching

BUY

Likes it. Modelling earnings growth at 19%. Trades at 23.5x 2022 compared to peers at 31x. Price target is $160USD. A great position to have. Has more to go. A very well run business.

TOP PICK

Barbell approach to navigating economic uncertainty over the next 12-18 months. Defensible, resilient cashflows. On the other hand, if the economy takes off, there will be more waste from industry. Best in class management and EBITDA margins, free cashflow. In a good position to do some M&A. Yield is 0.84%. (Analysts’ price target is $145.35)

PAST TOP PICK

(A Top Pick Oct 24/19, Up 11%) They lowered guidance during the lockdown, then revised their guidance back up a few moths later because they saw robust recovery. Waste collection is resilient and will prosper regardless of who will be the US president or trade tensions. SO, WM is well-positioned in a highly fragmented industry that encourages accretive buys.

PAST TOP PICK

(A Top Pick Jul 30/19, Up 12%) Death, taxes and garbage are life's certainties. He's long owned this. WCN continues to do well, though there will be softness from commercial activity, though consider all the cardboard boxes from Amazon deliveries. Still a good company. Well-managed.

DON'T BUY

A tricky one. He's torn. It checks most of his boxes, but not one: they hold a lot of debt. Their growth has been spectacular, but fueled by debt. He doesn't know the debt repayment details offhand. He prefers a stock with less debt. That said, the garbage business will be stable during this pandemic.

BUY

This stock has performed well over the past few years. Now the market is saying this is still an essential business. The challenge is not getting caught in thinking you have missed the bottom. There is nothing wrong buying in here. He is just focusing on health care and tech at the moment.

PAST TOP PICK

(A Top Pick Mar 18/19, Down 1%) It is the most profitable waste collection company in North America. He thinks it is a stable business.

TOP PICK

They have an 8% year over year increase in sales. 10% earnings growth, free cash flow up 6%. Earnings estimates have been increased by 2% in the last couple of months. (Analysts’ price target is $143.72)

PAST TOP PICK

(A Top Pick Apr 01/19, Up 19%) A commodity space but it is well managed. The management team has been there since 20 years. They have owned it since the acquisition of Progressive Waste Connections. They are great at acquisitions and they convert cashflow to free cashflows. It has had 17 years of positive shareholder returns.

PAST TOP PICK

(A Top Pick Oct 24/19, Up 9%) It is a core holding for his fund. It provides defense to a portfolio. The US market is still very fragmented so they can make more acquisitions. He would be adding meaningfully on any pullback.

TOP PICK

It's enjoyed a long uptrend, then consolidated recently and is now moving up. You can buy this, then don't worry about it. It keeps on trucking. Business (trash collecting) is good. Pays a good dividend. (Analysts’ price target is $136.12)

PAST TOP PICK

(A Top Pick Oct 01/19, Down 1%) It's been sideways since June, so he's a little worried that it may break lower. If it does, he will reduce his position. It's in the penalty box, but he likes it.

TOP PICK

Three years ago, it merged with Progressive Waste Solutions to become a leader in waste collection. WCN has a strong balance sheet and low-cost disposal services. It's still a fragmented, local industry while WCN is a massive national company. (Analysts’ price target is $130.90)

PAST TOP PICK

(A Top Pick Aug 13/19, Down 1%) A core holding of his. He's sticking with it though it's been on a downtrend since July--it's in a consolidation period. Loves the chart.

TOP PICK

Fantastic chart. It recently corrected a bit, then touched support and the past week has been re-accelerating, trying to reach higher.

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