Jim Cramer on Waste Management: "I Think the Stock's a Buy"

Waste Management, Inc. (NYSE:WM) is one of the stocks Jim Cramer offered insights on. A club member noted the stock’s steady decline from its recent high despite no apparent news and asked whether it is a buying opportunity or time to sell. Cramer replied:

“Okay, so look, this is really important. This is a company that… really does, I mean, the main, main factor of what controls WM is, believe it or not, lots of housing construction and a lot of people feel that that’s kind of on hold. I’m not going to disagree with that, but I will say this: I think the stock’s a buy. I don’t think the numbers are coming down any more from here. I’ve been waiting for the stock. I looked at it when the… trust was thinking about buying it right here, and then I was worried about exactly what I just mentioned. At these prices, I’m not worried. I think it’s just plain out and out a buy. I would buy it on Monday morning.”

Waste Management, Inc. (NYSE:WM) provides environmental services including waste collection, recycling, landfill gas-to-energy production, and renewable natural gas. In addition, the company offers composting, remediation, industrial waste handling, regulated waste disposal, and secure information destruction solutions.

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Disclosure: None. This article is originally published at Insider Monkey.