In an interview with CNBC, WM CEO Jim Fish discusses how the company's recent acquisition of Stericycle helps reduce volatility and hedge against cyclical aspects of the business. He also highlights the impact of the homebuilding market, the Trump administration's pro-business policies, and the use of automation to replace workers in difficult-to-fill roles.
In an interview with CNBC's Jim Cramer, WM CEO Jim Fish described how the waste management company's recent acquisition helps reduce volatility and hedge against more cyclical aspects of the business.
"It's a little bit of a natural hedge for us," Fish said of Stericycle, which largely destroys medical and hazardous waste."There's not much cyclicality to it, there's not a lot of, there's hardly any seasonality to it at all. I mean, we have a little bit of seasonality in, in our core business...this helps flatten that out.
"It's a little bit of a natural hedge for us," Fish said of Stericycle, which largely destroys medical or hazardous waste and wasby WM last year."There's not much cyclicality to it, there's not a lot of, there's hardly any seasonality to it at all. I mean, we have a little bit of seasonality in, in our core business...this helps flatten that out."WM's Thursday earnings report impressed Wall Street, with shares finishing the session up more than 6%.
"This is almost by necessity that we're using technology to replace difficult to hire heads," Fish said."I think, one thing that I want to make sure I was clear on here, though, is we're not laying folks off, all we're doing is using attrition."Crime and Courts
ACQUISITIONS AUTOMATION WASTE MANAGEMENT ECONOMY TRUMP ADMINISTRATION
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