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Gold/Mining/Energy : Waste Management Inc. (NYSE: WMI)

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To: investmentpaysoff who wrote (19)8/16/1999 3:12:00 PM
From: Bryan  Read Replies (3) of 97
 
Yes.
Excuse my humbly fundamental way of looking at WMI, but the way I see it, as long as we have garbage, then WMI has business. And as long as WMI has business, they will work around the mess they have created. I was not a prior shareholder, so the opportunity to buy into a well capitalized company like WMI at these prices seems like a good long term bet. I think it will slip below $20, and I will buy the last 1/3 of my position there. I think the Fools nailed it on the head......
    "...With nearly $12 billion in net property and
   equipment and $11 billion in long-term debt on its
  restated balance sheet, Waste Management isn't exactly
   the most nimble company to turn around. Then again,
  neither was Chrysler when Miller was there during the
  tumultuous 1980s. The turnaround proof will be in the
   pudding. If Waste Management can avoid negative
  surprises and make noticeable improvements to its
  business in the next few quarters, investors may want
  to hold their noses and take a closer look.

fool.com
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