It was back in 2008 when behemoth Waste Management (WM) made a failed play for rival Republic Services (RSG) . Since then, Republic Services has scooped up Allied Waste for $6.24 billion and numerous smaller operators to solidify itself as a strong number two in the waste management industry. Republic Services and its larger rival now control about 45% of the market.
Republic Services president and CEO Donald Slager tells TheStreet he isn't thinking about a merger with Waste Management. Instead, he thinks the more attractive play is to buy up independent waste management companies and grow from there. Republic Services will spend roughly $100 million alone this year on tuck-in acquisitions.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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