In North America, the market for nontoxic garbage collection, transportation, processing, and disposal-what insiders call solid-waste services-has been through a multidecade process of consolidation, Nicholas Jasinski writes in this week’s edition of Barron’s. Today, there are three vertically integrated giants atop the industry: Waste Management (WM), Republic Services (RSG), and Waste Connections (WCN), the author notes. Solid-waste services are a necessary business with recession protection and the ability to grow margins. And these stocks are cheap relative to their history. Reference Link
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