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Recent Articles
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Waste Management to Acquire Stericycle
Jun 3, 2024
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Image: Waste Management’s shares have done quite well the past 12-18 months.
The oligopolistic nature of the waste business is something that we like a lot, and while Waste Management’s deal for Stericycle will be more complementary in nature bringing in an incremental suite of medical waste and secure information destruction services, we have no qualms with the acquisition.
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Costco’s Comparable Store Sales Deliver
Jun 2, 2024
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Image Source: Costco.
On May 30, Costco reported solid third quarter results for its fiscal 2024 period ended May 12. Net sales for the quarter increased 9.1% thanks to total company adjusted comparable sales performance of 6.5% and e-commerce growth of 20.7%. We like Costco’s business quite a bit, but shares are trading at quite the lofty earnings multiple (~50 times fiscal 2024 earnings expectations). We’d wait for a meaningful pull back in shares before taking interest in the name.
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Latest Report Updates
Jun 1, 2024
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Check out the latest report updates on the website.
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Dividend Increases/Decreases for the Week of May 31
May 31, 2024
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Let's take a look at firms raising/lowering their dividends this week.
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