Waste Management Remains Expensive [Seeking Alpha]
Stericycle, Inc. (SRCL)
Last stericycle, inc. earnings: 2/27 07:05 am
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US:NASDAQ Investor Relations:
investors.stericycle.com
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Source: Seeking Alpha
Play 6min Summary Waste Management is acquiring Stericycle for $7.2 billion, a 24% premium, highlighting its strategy to expand its core business. The acquisition is costly at a post-synergy EBITDA multiple of ~13x, reflecting market reliability and high valuations. Despite the company's strong financial position, the 7% yield from the acquisition is considered expensive. Waste Management's long-term growth potential and minimal competition could justify its current valuation, but the yield doesn't support immediate investment. Abstract Aerial Art Waste Management ( NYSE: WM ) is a more than $80 billion waste management company, one of the largest in the world. The company recently announced the almost $7 billion acquisition of Stericycle and the company is continuing to expand its core business. However, as we'll see here, even with reliability, the company's yield simply doesn't justify investing. Waste Management Stericycle Waste Management is planning to spend
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SRCL
News
- Roaring Kitty Stock Chewy Set to Join S&P MidCap 400 Index, Will Replace Stericycle [Yahoo! Finance]Yahoo! Finance
- Stericycle, Inc. (NASDAQ: SRCL) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- WM Announces Further Extension of Private Exchange Offer and Consent Solicitation for any and all of Stericycle, Inc.'s $500 million Outstanding 3.875% Senior Notes Due 2029 [Yahoo! Finance]Yahoo! Finance
- Waste Management reports ‘really strong' Q3 earnings: analyst [BNN Bloomberg (Canada)]BNN Bloomberg
- WM Announces Third Quarter 2024 Earnings [Yahoo! Finance]Yahoo! Finance
SRCL
Earnings
- 7/25/24 - Beat
SRCL
Sec Filings
- 11/4/24 - Form 4
- 11/4/24 - Form 4
- 11/4/24 - Form 4
- SRCL's page on the SEC website