Waste Management continues to flex its pricing muscle in order to improve shareholder returns.
We are raising our fair value estimate for narrow-moat Waste Management to $71 from $63 following its fourth-quarter results, but still believe valuations in the North American solid waste industry are stretched. Revenue for the quarter increased 5.5% year over year to $3.7 billion thanks to pricing and volume growth in the collection and disposal fields. Volumes benefited from hurricane cleanup in Texas and Florida, and new business outpaced lost business for the eleventh consecutive quarter. A...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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