Barron's Calls Waste Management (WM) "Dead Money"
Tweet
Share
E-mail
Get Alerts WM Hot Sheet
Price: $230.40 +2.82%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.7%
EPS Growth %: +3.6%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.7%
EPS Growth %: +3.6%
Join SI Premium – FREE
In an article published over the weekend, Barron's writers Michael Santoli called Waste Management (NYSE: WM) "dead money". He also said the stock is at risk of declining 10 to 15 percent from its current price of $35.66 to $30 if the company continues to miss on earnings.
Waste Management pays investors a 4 percent dividend, but even this apparent benefit could become a drag on the stock price down the road, especially if market rates rise. Overall, notes Santoli, revenue, earnings, margin, and cash flow are stagnant and the overall story is "sloppy."
Waste Management pays investors a 4 percent dividend, but even this apparent benefit could become a drag on the stock price down the road, especially if market rates rise. Overall, notes Santoli, revenue, earnings, margin, and cash flow are stagnant and the overall story is "sloppy."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Trump said he was unaware of his earnings from crypto
- Aecon wins $1.7B share of Alberta power plant contract
- RBC Capital Downgrades Bucher Industries AG (BUCN:SW) (BCHHF) to Sector Perform
Create E-mail Alert Related Categories
Insiders' BlogRelated Entities
Barron's, Dividend, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
