Q: Current thoughts on WCN..?.? Prospects … valuation…
5i Research Answer:
WCN continues to chug along nicely. Valuation is high at 36X earnings now, but investors are willing to pay up for reliability. Growth has been very steady and decent growth is very much expected over the next two years. The balance sheet is somewhat levered but cash flow can support it. The stock has been solid, up 371% in the past decade. The Q1 was good and the company noted business trends were stable. We would be comfortable owning this.