In our opinion, successful long-term investments are found in companies that focus exclusively on culture. Waste Connections fits this bill. Under the tutelage of its founder, Ronald Mittelstaedt, Waste Connections has collected a compounder status by turning trash into cash with its unique Servant Leadership model. Barry and Ernest discuss Baskin’s history of owning Waste Connections as well potential rewards and risks they see going forward.
0:00: Introduction
1:37: discussion about capital gains changes in Canada and how it could affect your portfolio.
3:52: should you own a dividend payer stock vs. a growth stock given changes in capital gains rates in Canada
7:10: do these tax changes make Canada less competitive?
10:22: Feature discussion on Waste Connections
10:46: A quick discussion about the Halloween Surprise taxation of income trusts in Canada
14:00: a history of Baskin’s purchase of BFI Garbage Trust which eventually became Waste Connections
14:35: Waste Connections and waste business overview
21:50: Waste Connections’ secret sauce
23:23: Servant Leadership Culture at Waste Connections
29:55: Future catalysts for the stock
31:25: RNG potential upside for Waste Connections
33:52: Robotics and AI use in the Waste industry
35:40: Risks to consider when investing in Waste Connections
Long Term Investing Podcast can also be found on Spotify & Apple.
