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WASTE CONNECTIONS INC (CA)WASTE CONNECTIONS INC (CA)WASTE CONNECTIONS INC (CA)

WASTE CONNECTIONS INC (CA)

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WCN trade ideas

Go long after earningsNo matter the outcome after earnings, this is one that should be added if you are looking for a less volatile but rewarding and necessary service. With four quarters beaten in a row, is it needed to be cautious? Slow growing yet less volatility is also good in the long term, if price were to pullback an entry long would be great if one were to hold this for long term. A service that will always be needed in North America (CANADA) this could be a staple for an individual looking for slow growing but pays a small dividend but wont move too much in value. Price is in a clear uptrend with short term bearishness as we experience a bit of a selloff leading into earnings. People will always have waste and there needs to be those who manage and dispose of said waste. It is withing the trucking industry and may be a better buy and hold strategy then trucking and logistics considering the higher interest rates for longer.
NYSE:WCN
by nickso833
Waste Companies: Good Numbers but OvervaluedThere has been a lot of talk about Waste companies over the last little while, namely: Waste Connections, Waste Management and Republic Services (the 3 majors for Canada/USA respectively). While a low beta is certainly attractive as we continue to push this market further up and up, it is important to note that in corrections and recessions, waste companies still lose 30-40% of their stock numerical value, despite what people may "think". Whenever one decides to prepare for a correction or recession, it is best to invest in precious metals and equities and stocks that have a reputation for maintaining and increasing dividends - particularly in the utility sector. While attractive as stated because of a low beta, currently they all trade 40-45x earnings which for a sector with virtually no speculation is an absurd value. Where is the buy in level? In my opinion a fairer intrinsic value is around $109-112, however, these stocks should be treated for portfolio stability, rather than for capital appreciation. - zSplit
TSX:WCN
by PaulDeep19131
WCN Put SpreadWCN seems to be trending lower and lower, Target is $85. $133 max loss and $3.67 max gain. Spread is 5 points 90/85 EXP October 18th My only problem with this trade is the duration of it even though its 45 days I believe the move may take less time to happen. Profit target is $183.5 max loss is $80 Possible loss if bullish is if the bottom holds and support stays intact while moving up toward $95. Bearish idea is that this support will break due to sentiments in core market and it will trend down to $85 which isn't that far of a target.
NYSE:WCNShort
by Synaptic724
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