Some of you may have seen a truck like this rolling around in your city. Progressive Waste Solution owns BFI Canada (which provides services in 6 provinces), IESI (which provides services in 10 states in the U.S.) and Waste Service Inc. which was acquired just last year. Progressive Waste Solution (BIN.TO) is the third largest non-hazardous solid waste management company in North America, serving commercial, residential, and industrial customers.
I picked up some shares earlier this week when BIN got caught up in the free fall that almost every stock took when the Euro crisis resurfaced. BIN seems to be a solid company and I'm happy to add it to my portfolio. Besides, everybody needs to put their garbage somewhere right?
Remember, one man's trash is another man's treasure...or in this case another man's reason to own a waste management company.
-the Paperboy
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