Garbage and environmental services company Waste Management (NYSE: WM) is an excellent example of a company that you can buy stock in and sleep well at night. Here is why Waste Management's valuation stinks today. Waste Management serves more than 20 million residential, commercial, and industrial customers across North America.
Landfills produce an enormous amount of greenhouse gas emissions as organic waste like food scraps, wood, and paper decompose and produce methane. Methane vented into the atmosphere is a greater contributor to climate change than carbon dioxide emissions. The collections and recycling company is investing hundreds of millions of dollars to capture these emissions and turn them into renewable energy.
Market volatility is unavoidable, but quality businesses stand a better chance of outlasting tough times.