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Image Source: Republic Services By Brian Nelson, CFA There are few things as certain as death and taxes, but garbage may be one of them. One of our favorite ideas within the municipal solid waste coverage is Republic Services (RSG), a holding in the Dividend Growth Newsletter portfolio. We love its free cash flow generating ability, visibility into future revenue, enviable position with respect to disposal capacity, CPI-based book of business, and exposure to fast-growing economic areas in the US. Republic Services reported strong fourth-quarter results Monday, February 22, and issued favorable 2021 full-year guidance. Revenue during the fourth quarter was largely flat, but adjusted net income rose to $1.00 per diluted share from $0.88 per diluted share in the … Read more

Image Shown: Shares of Republic Services Inc have been on an upward march over the past six months as investors warmed back up to the waste management company. We appreciate the company’s stable cash flow profile and high quality earnings, and we continue to include shares of RSG at a modest weighting in our Dividend Growth Newsletter portfolio. By Callum Turcan The waste management company Republic Services Inc (RSG) has proven to be incredibly resilient during the ongoing coronavirus (‘COVID-19’) pandemic. We are big fans of its stable cash flow profile and high quality earnings. According to Republic Services’ 2019 Annual Report the firm “is the second largest provider of non-hazardous solid waste collection, transfer, disposal, recycling, and environmental services … Read more

Image: Republic Services By Brian Nelson, CFA We like the garbage hauler space given the relative stability of its operations and the pricing power that emanates from landfill and disposal capacity. Garbage must eventually go somewhere, and those that own the disposal capacity are the ones that can control the value chain. The municipal solid waste industry in the United States is an oligopoly, dominated by the Big 3, Waste Management (WM), Republic Services (RSG), and Waste Connections (WCN). We include Republic Services in the Dividend Growth Newsletter portfolio. On November 5, Republic Services reported third-quarter results that showed the resilience of the firm’s business model. The trash taker’s adjusted EBITDA margin expanded 230 basis points, while it delivered double-digit … Read more