The waste management company's stock has fallen by 5% over the past year, and by approximately 5.3% since the beginning of the year. This is an exceptional decline, as the company has only experienced one year of decline since 2012, and that was in 2022, when its stock fell by approximately 3.6%
WM — All updates
WM — 3 entries on this page, 1 of them a change of direction.
West Management has informed investors that its revenue forecast for the remainder of this year is lower than expected, and therefore the company has reduced its financial guidance.
However, they still expect a significant expansion in profits. In fact, they have raised their full-year operating margin forecast with improved efficiency resulting in increased cost savings.
Now, everyone seems to be familiar in the dividend growth space with Waste Management, but we don't talk about Republic Services very often.
Now, I've held Waste Management personally in my portfolio for a while now and have done very well from that position, but these valuation multiples are getting a bit expensive for my liking.