In the video below, Fool analysts Blake Bos and Austin Smith discuss some reasons investors may want to buy Waste Management (NYSE: WM ) .
Waste Management may not be the most exciting company, but there are reasons for investors to be excited about the stock. The company is a cash machine. This makes for a reliable, dependable dividend, and that provides investors with an almost annuity-like income. Companies like this may not sell for dirt cheap multiples, but they continue to reward patient investors over the long haul. The company's recent acquisition of Oakleaf also allows WM to serve as a broker for other trash haulers, funneling more business to Waste Management's landfills. Those landfills allow WM to become a "price maker" in the industry, rather than a "price taker" like the smaller haulers.
Big cash flow and a wide moat has made Waste Management a longtime favorite for dividend seekers everywhere, but the share price performance over the last few years has left many investors wanting. If you're wondering whether this dividend dynamo is a buy today, you should read our premium analyst report on the company today. Just click here now for access.