It’s been a while since we’ve added a company to the Growth Bull List. The environment has been extremely rocky for growth stocks, and will likely continue to be moving forward. We’ve moved away from the platform attempting to meet somewhat of a quota of stock highlights, to simply highlighting what we feel are the best opportunities. In the end, members will benefit much more from this type of system.
Our most recent addition to the Bull List isn’t a small-cap Canadian growth stock. Instead, it’s a large-cap waste management company.
Our newest addition to the Bull List is Waste Connections (TSE:WCN). The stock is witnessing its first double-digit pullback since the COVID-19 pandemic, and we felt now is a good time to add a solid cash flow producer to the Bull List.
Waste Connections has proven to be extremely reliable and ticks off all of our boxes when it comes to investing during periods of volatility and high inflation. It has pricing power, a strong economic moat, and operates in a defensive industry.
The company has grown sales for 23 consecutive years, and if it weren’t for the COVID-19 pandemic wreaking havoc in 2020, it is very likely the company would have a 12+ year streak of growing free cash flow as well.
You can read our report on Waste Connections here
If you’re worried about continued market pullbacks with Waste Connections or any other stock for that matter, averaging in to a position is a solid strategy during times of high volatility.
The company reports earnings on February 16th. So much like all of our other Bull List companies, it will be updated then. Of note, the company also plans to release full Fiscal 2022 guidance during that earnings report as well, so we’ll be able to get a view of how the company plans to grow moving forward.
As always, we’re available on the Q and A and the Discord!
Next up? Portfolio reviews! These typically span over a 3 week period, so be prepared for a ton more content coming your way.
