The thesis for the company is a business that will always have demand and be profitable. Waste management is essential, and as the population grows, so will the amount and types of waste, through which waste management companies can expand their business and monetise. As an industry leader, WM has the largest and most diverse asset and customer base in its region, allowing it to leverage on technology to for growth in the business and its moat.
Performance: -2.3%
New York-listed Waste Management (WM) was one of the smaller losers in our portfolio for the four-month period, with a 2.3% loss. The company provides waste management services including collection, transfer, recycling, resource recovery, and disposal services, and operates waste-to-energy facilities. WM serves municipal, commercial, industrial, and residential customers throughout North America.
