“This stuff…” remarked “Rich Dad Poor Dad” author Robert Kiyosaki at a televised conference, while loudly waving some dollar bills before articulating his main point: “Cash is trash.” Well, in the case of environmental (and social) services firm Waste Management (WM), trash is cash. Based on its performance at the end-of-year 2022, that trash is worth just under $20 billion.
To be sure, WM stock – though powerfully relevant – might not seem the most viable of investment opportunities. As Barchart contributor Rich Asplund stated, the equities market responded positively following a favorable inflation report. Specifically, the May core Personal Consumption Expenditures (PCE) index increased on a year-over-year basis by 4.6%, slightly weaker than market expectations of 4.7% up.
