Is Waste Management (NYSE:WM) Stock Overvalued?
Due to a combination of strong financial performance and operations within a durable, defensive industry, Waste Management (WM) has attracted a lot of investors'' attention. While the company possesses many desirable attributes, its valuation seems to be somewhat out of sync with the mature life stage of both the firm and the industry. In a very turbulent year for stocks, where the SP 500 (SPX) is down about 15% year-to-date, WM stock has charted its own course. Seen widely as a defensive play in a turbulent market, the stock is slightly up on the year.
Is Waste Management (NYSE:WM) Stock Overvalued?
Due to a combination of strong financial performance and operations within a durable, defensive industry, Waste Management (WM) has attracted a lot of investors'' attention. While the company possesses many desirable attributes, its valuation seems to be somewhat out of sync with the mature life stage of both the firm and the industry. In a very turbulent year for stocks, where the SP 500 (SPX) is down about 15% year-to-date, WM stock has charted its own course. Seen widely as a defensive play in a turbulent market, the stock is slightly up on the year.