Jim Cramer on Waste Management: "Don't Buy It All at Once"

Waste Management, Inc. (NYSE:WM) is one of the stocks Jim Cramer was asked about. A caller sought advice on whether they should add to their position in WM after the company’s latest earnings report. In response, Cramer said:

“I think you should. Now, the stock was up three today. Seemed, people seemed to realize, wait a second, this thing’s gotten way out of line. It was down and down and down. So what I want you to do is I don’t want you to buy… all at once, okay? Because it could, it was up three today. It could go back down a little. If you want to buy 15, 20, 20 shares, let’s buy five, okay? Maybe 25, buy five, and then stagger it. Don’t buy it all at once because this is a stock that tends to be very, very volatile. So that’s my advice to you.”

Waste Management, Inc. (NYSE:WM) provides waste collection, recycling, and landfill services, along with renewable energy production from landfill gas. Additionally, the company offers specialized services including hazardous waste disposal, secure information destruction, and marketing of recycled materials and compost products.

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