转自：CSDN（ID：CSDNnews） 如果说网络攻击里有一种最难防、最令人头疼的威胁，那大概率不是勒索病毒、APT 组织，也不是零日漏洞，而是 —— 你的前同事。 2021 年 5 月发生在美国休斯敦的一起内部 员工攻击 事件，直到 最近 才随着法院审理推进而完全曝光 ： 一家业务覆盖美国全国的大型企业， 在短 短几分钟内被打回"未激活状态"，造成 86.2 万美元（约人民币 613 万元）直接损失，并触发业务连续性危机。 而 这件事的 肇事者，只是一名被开 除的 IT 外 包人员。 外包被解雇后 ， 又 轻松回到内网 根据美国司法部（DOJ）文件，这名 IT 外包名为 Maxwell Schultz，现年 35 岁，来自美国俄亥俄州 ， 曾 作为 一名 合约工 ， 为 一家大型企业 的 IT 部门 提供 技术支持工作 。 虽然 DOJ 并未直接点名，但多家地方媒体 推测 ，这家公司正是 美国废物管理公司 Waste Management（简称 WM）。 2021 年 5 月 14 日，时年 31 岁的 Maxwell Schultz 被原公司解除合约 ，账号权限也按流程立即被撤销。 按理说， 故事 到这 ...

Core Insights - Waste Management, Inc. (NYSE:WM) is recognized as one of the 15 Best Long Term Stocks to Buy according to Reddit [1] - Wells Fargo initiated coverage on Waste Management with an Overweight rating and a price target of $238, projecting approximately 20% growth in unit profitability and about 40% improvement in free cash conversion over the next two years [2] - In Q3, Waste Management reported $6.4 billion in revenue, a 15% increase year-over-year, although operating income decreased by 12% to $989 million due to noncash expenses [3] Business Strategy - The company is advancing its landfill gas-to-energy strategy, which captures methane from landfills and converts it into renewable natural gas, providing a carbon-neutral alternative to fossil fuels [4] - Acquisitions are a key growth driver, with Waste Management spending $7.2 billion to acquire Stericycle, enhancing its position in the healthcare waste sector and enabling operational efficiencies [5] - Waste Management's core operations encompass the entire waste management process, including collection, transportation, recycling, landfilling, and treatment [6]

Core Viewpoint - Goldman Sachs initiated coverage on Waste Management (NYSE: WM) with a Buy rating and a price target of $256 [1] Group 1: Growth Outlook - Analysts forecast a 7.7% EBITDA CAGR from 2025 to 2027, driven by strong price/cost execution, high-return recycling and landfill-gas investments, and continued synergy capture from the Stericycle acquisition [2] - Potential upside is linked to improving volumes in Healthcare Solutions (Stericycle) and a recovery in recycled commodity pricing [2] Group 2: Competitive Position - Waste Management holds a dominant competitive position with an estimated 51% market share within a 50-mile radius of its local landfill operations, the highest among major public peers [3] - Despite concerns regarding Stericycle integration, the stock has underperformed compared to RSG, GFL, and WCN by 20% since the acquisition, even though Stericycle accounts for only about 6% of EBITDA [3] Group 3: Valuation - Waste Management trades at a 10% valuation discount to peers, despite expectations for faster organic EBITDA growth, reduced commodity volatility, and comparable free-cash-flow conversion [4]

Group 1: Waste Management (WM) - WM is North America's leading environmental solutions provider, offering waste collection, disposal, and recycling services through the largest disposal network and collection fleet [2] - The company has the highest route density among its peers, maximizing waste collection at lower operating costs [2] - High regulatory permits create significant barriers to entry for competitors, solidifying WM's regulatory moat [3] - WM is expanding into Renewable Natural Gas (RNG) facilities, generating and selling landfill gas as renewable energy [3] - The Healthcare Solutions segment addresses rising waste collection demands from healthcare facilities, driven by an aging population [4] - Revenue for 3Q2025 increased to US$6.4 billion, up 15% year on year [4] - Operating EBITDA surged 15% to US$1.97 billion, achieving a record quarterly margin of 30.6% [5] - GAAP operating income decreased to US$989 million, down 12% year on year, primarily due to US$202 million in impairment charges [5] - Free Cash Flow increased by 33% due to reduced capital expenditure [6] - The temporary decline in recycled commodity prices reduced sales of recyclable materials by nearly 35%, but this segment accounts for only about 7% of total revenue, making the risk minimal [6] - WM's unmatched route density and regulatory moat allow it to increase prices without losing customers [7] Group 2: Meta Platforms - Meta Platforms operates a suite of market-leading social media platforms, contributing most of its revenue through advertising [8] - The company has a base of 3.5 billion Daily Active People (DAP), supported by its leadership in advertising AI [9] - Meta's revenue surged in 3Q2025 to US$51.2 billion, with operating income rising to US$20.54 billion, up 26% and 18% year on year respectively [10] - Despite losses from Reality Labs, Meta maintained a resilient operating margin of 40% [10] - Reported net income was US$2.7 billion, down 83% year on year due to a one-time, non-cash tax charge of US$15.9 billion [11] - Meta's aggressive capex spending for AI expansion is expected to continue, introducing short-term margin pressure risks [11] - Legal and regulatory headwinds from the EU and US could pose further financial risks [12] - Despite these challenges, Meta's core ad business remains reliably profitable with a strong balance sheet [12] Group 3: Copart - Copart is a global leader in online vehicle auctions, operating with a proprietary auction platform and extensive logistics [13] - The company has 270 locations in 11 countries, with 175,000 vehicles up for auction daily [13] - Revenue for fiscal year 2025 grew 9.7% to US$4.65 billion, with operating income at US$1.70 billion, reflecting a 36.5% margin [14] - Operating cash flows surged 22.2% to US$1.80 billion, supported by a high cash balance of US$2.8 billion and no outstanding debt [14][15] - Copart's marketable securities stand at US$2.0 billion, generating additional interest income [15] - The increasing complexity of vehicles is expected to drive more cars to be auctioned, creating a secular tailwind for Copart's business [15] - While most revenue comes from North America, Copart is expanding internationally, facing risks from inconsistent vehicle salvage regulations [16] - Higher repair costs from complex vehicles may become a headwind if they significantly reduce accident rates [17] Group 4: Investment Implications - WM, Meta, and Copart dominate their respective markets, translating to consistent revenue growth [18] - Their profits and cash flows have shown consistent growth, barring one-time costs and non-cash losses [18] - Meta and Copart possess strong balance sheets, enabling them to pursue expansion plans [18] - WM enjoys pricing power through long-term contracts and regulatory moats [18] - These companies offer a unique blend of exposure to tech, auto auctions, and essential services, appealing to long-term investors [19][20]

Core Insights - Waste Management (WM) is the largest trash hauler in North America, with a market cap of $86.9 billion, and has seen its share price increase over 375% in the last decade [2][4]. Industry Overview - The trash industry is growing due to the increasing North American population, leading to more waste generation [3]. - The industry is dominated by three major companies: Waste Management, Republic Services ($67.3 billion), and Waste Connections ($44.7 billion), which control the majority of the market [4]. Business Stability - Waste Management benefits from low customer churn, which is below 10%, due to high barriers to entry such as limited landfill space and the need for specialized trucks for municipal contracts [5]. Dividend Performance - Waste Management has a strong history of dividend increases, with a notable 10% increase in 2025, supported by reliable cash flow from long-term contracts [6]. - The company expects free cash flow for 2025 to be between $2.8 billion and $2.9 billion, which comfortably covers its projected dividend payouts of $1.3 billion to $1.4 billion [7]. - Although the current dividend yield is 1.49%, which is low historically, the dividend has increased by over 114% in the last decade, while the share price has risen by 305% [8].

整理 | 郑丽媛 出品 | CSDN（ID：CSDNnews） 如果说网络攻击里有一种最难防、最令人头疼的威胁，那大概率不是勒索病毒、APT 组织，也不是零日漏洞，而是——你的前同事。 外包被解雇后 ， 又 轻松回到内网 根据美国司法部（DOJ）文件，这名 IT 外包名为 Maxwell Schultz，现年 35 岁，来自美国俄亥俄州 ， 曾 作为 一名 合约工 ， 为 一家大型企业 的 IT 部门 提供 技术支持工作 。 虽然 DOJ 并未直接点名，但多家地方媒体 推测 ，这家公司正是美国废物管理公司 Waste Management（简称 WM）。 2021 年 5 月 14 日，时年 31 岁的 Maxwell Schultz 被原公司解除合约 ，账号权限也按流程立即被撤销。 按理说， 故事 到这里就应该结束 ： 毕竟 一般而言 ， 公司在解雇员工或外包时， 会 同步完成账号权限回收与系统级权限吊销 ； 然而 ， 现实的企业 安全管理往往并不 会 "按理说" 。 2021 年 5 月发生在美国休斯敦的一起内部 员工攻击 事件，直到 最近 才随着法院审理推进而完全曝光 ： 一家业务覆盖美国全国的大型企业 ...

Core Insights - The article highlights the increasing threat of insider attacks, particularly from disgruntled former employees or contractors, as exemplified by the case of Maxwell Schultz, who caused significant operational disruption to a major company after being terminated [1][7]. Group 1: Incident Overview - In May 2021, a major company in the U.S. experienced a cyber attack that resulted in a direct loss of $862,000 (approximately 6.13 million RMB) due to an internal employee's actions [1][4]. - The attacker, Maxwell Schultz, was a former IT contractor who exploited weaknesses in the company's access control processes to regain entry into the internal network [2][3]. Group 2: Attack Methodology - Schultz utilized his knowledge of the internal system to impersonate another contractor and obtained new login credentials, allowing him to access the company's network [2]. - He executed a PowerShell script that reset passwords for approximately 2,500 accounts, leading to a complete operational halt across the company [3][4]. Group 3: Consequences of the Attack - The attack resulted in widespread employee downtime, as thousands were unable to log into their computers, leading to significant payroll costs without productivity [4][5]. - The customer service system was severely impacted, as it relied heavily on internal systems that became inaccessible due to the password resets [6]. - Recovery efforts incurred substantial costs, including the need for IT teams to restore accounts and investigate the breach, which could take days or weeks [6][7]. Group 4: Broader Implications - The incident underscores a growing trend of insider threats, particularly in industries that rely on outsourced labor with elevated access privileges [7]. - Companies often focus on technical defenses like firewalls and intrusion detection but may neglect the human element, especially concerning former employees with insider knowledge [7][8].

Core Insights - Waste Management, Inc. (NYSE:WM) has been highlighted as a stock of interest, particularly after a recent price drop below $200, which was seen as a buying opportunity [1][2] - The company provides a range of waste and recycling services, including collection, processing, and renewable energy generation from landfill gas [2] Investment Perspective - Jim Cramer suggested that investors consider adding to their positions in Waste Management, especially after a recent uptick in stock price [2] - Cramer advised a staggered buying approach due to the stock's volatility, recommending that investors buy shares incrementally rather than all at once [2] Market Context - The stock experienced a significant decline before rebounding, indicating potential mispricing in the market that investors are beginning to recognize [2] - While Waste Management is viewed positively, there are mentions of other AI stocks that may offer better upside potential with less risk [2]

Group 1 - Technology stocks have been performing exceptionally well over the past decade, driven by transformative products that have changed consumer behavior [1] - Many investors have overlooked simpler businesses, such as waste management and staffing uniform providers, which are not as flashy but are essential [2] - Companies in the Consumer Staples sector, like Cintas and Waste Management, have shown steady demand regardless of economic conditions, providing stability against market volatility [3] Group 2 - Cintas (CTAS) has experienced a +780% increase over the last decade, significantly outperforming the S&P 500's +300% gain, with an annualized return of +24.2% [4] - Waste Management (WM) shares have risen by 385% over the past decade, also surpassing the S&P 500's performance, and have shown resilience during market downturns [5] - Both Cintas and Waste Management demonstrate that strong returns can be achieved through consistent and dependable growth in less glamorous sectors [6][7]

TORONTO, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Wallbridge Mining Company Limited (TSX: WM, OTCQB:WLBMF) (“Wallbridge” or the “Company”) is pleased to announce the final results from the remaining 13 holes of the second phase of its 2025 drilling program (“Phase 2”) at its 100% owned Martiniere gold project (“Martiniere”). These results reinforce the strong expansion potential of the Martiniere gold system, confirming the continuity of the Dragonfly shear corridor as laterally and vertically extensive system of ...