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Holly LaFon
Holly LaFon
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Mario Gabelli Comments on Republic Services

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December 03, 2018 | About:
Republic Services Inc. (3.9%) (NYSE:RSG) (RSG – $72.66 – NYSE), based in Phoenix, Arizona, became the second largest solid waste company in North America after its acquisition of Allied Waste Industries in December 2008. Republic provides nonhazardous solid waste collection services for commercial, industrial, municipal, and residential customers in 39 states and Puerto Rico. Republic serves more than 2,800 municipalities and operates 194 landfills, 209 transfer stations, 349 collection operations, and 92 recycling facilities. Since the Allied merger, Republic has benefited from synergies driven by route density, beneficial use of acquired assets, and reduction in redundant corporate overhead. Republic is committed to its core solid waste business. While other providers have strayed into alternative waste resource technologies and strategies, we view Republic’s plan to remain steadfast in the traditional solid waste business positively. We expect continued solid waste growth acquisitions, earnings improvement, and incremental route density and internalization growth in already established markets to generate real value in the near to medium term, highlighting the company’s potential.

From Mario Gabelli (Trades, Portfolio)'s third-quarter 2018 shareholder letter.

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Holly LaFon
I'm a financial journalist with a master of science in journalism from Medill at Northwestern University.

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