Waste Management Stock: 2023 Prices Right Now

From 2007 through 2012, Waste Management did not grow its profits per share. It earned $2.07 per share in 2007, and $2.08 in 2012. What gives?

The answer is that the fees associated associated with disposing of trash in a landfill and having it collected from residential and commercial settings is generally stagnant during poor and ordinary economic conditions, and the hope is that fee increases during the boom years can offset the years of stagnation otherwise.

For the past half-century, that hasn’t been a smart bet. From 1962 through 2012, the average cost of trash collection in the United States rose at a rate of 1.7% annualized. Inflation over that time was 3.3%. When you study a trash collection company, therefore, you should correctly recognize the incredible strength of the recurring revenue stream that arises from the fact that everyone has to pay their trash bill, but you should Read the rest of this article!

Why You Should Follow Pete At Mr. Money Mustache

Every now and then, I come across a blog that is fresh, original, witty, and worth following religiously. A recent website that caught my eye is www.mrmoneymustache.com run by a guy named Pete in Colorado (I believe he doesn’t include his last name out of safety concerns).

First of all, Pete understands that time is worth something. A lot of people that discuss frugality/personal finance discount the importance of our time when advocating a particular technique. I don’t want to spend three hours brewing my own toothpaste that might save me $3.50 per month. First of all, I don’t have the confidence that I’m going to come up with anything that is effective on my teeth as Colgate or Crest, but more importantly, my time is worth more than that. I’d make more money in the here and now if I spent that time writing finance articles than making … Read the rest of this article!