WM's Moat Gives It Strong Pricing Power; Increasing FVE to $210
Waste collection and disposal industry leader WM enjoys a leading market share and unmatched dominance in landfill ownership, which is nearly impossible to replicate given the immense regulatory hurdles. This leadership position expanded after the firm's October 2020 acquisition of Advanced Disposal, which was the fourth-largest player in the industry. In November 2024, WM entered the adjacent medical waste disposal business with its acquisition of Stericycle.