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Strategies & Market Trends : Dividend investing for retirement
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To: Triffin who wrote (9407)7/12/2011 1:56:50 PM
From: E_K_S  Read Replies (1) of 34328
 
Hi Triffin:

Wedbush Securities downgraded WM today with a price target of $34. I bought this one 8/2010 at $34.15/share and have received four dividend payments. Their dividend was raised 2% in March 2011. Stock yields 3.6% . Stock has been as high as $39.50 and as low as $32 in the last year. Stock is below it's 50 DMA and 200 DMA which suggests it's a good entry point.

I would like to add more shares at $34.00.

Re: Waste Management, Inc. (WM)

TUESDAY, JULY 12, 2011
Issues Piling Up for Waste Management
online.barrons.com

From their report:"...We are lowering our price target to $34 from $40. Our price target is derived by applying industry average multiples to our respective fiscal 2012 earnings before interest, taxes, depreciation and amortization (Ebitda) and free-cash-flow estimates, given increased competition in the company's markets, customer churn, and operational challenges within the business in the midst of a slow economic recovery...."

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Not too sure what to do as a downgrade from a "boutique" broker like Wedbush Securities can provide a good entry point. Stock not really selling off on heavy volume. I bought this one for long term growth and steady dividend increases.

I guess I will watch and add some shares if it moves a little lower on lower volume. I still like the industry and I have no other exposure to the sector in my dividend portfolio.

EKS
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