Core Viewpoint - Global Energy Metals Corporation is advancing its Millennium Copper Cobalt Gold Graphite Project through a diamond drilling program funded by the Queensland Government, which aims to enhance the project's mineral resource estimates and economic viability [1][4][10]. Project Development - Metal Bank Ltd. has commenced diamond drilling at the Millennium Project as part of a AUD $250k Collaborative Exploration Initiative (CEI) program [1][4]. - The drilling targets high-grade near-surface extensions of previously announced graphite results and bulk metallurgical samples within the JORC2012 Mineral Resource Estimate of 8.4 million tonnes at 0.09% cobalt, 0.29% copper, and 0.12g/t gold [3][4]. - An application for an additional mining lease covering 159 hectares has been submitted to facilitate further exploration and operations for cobalt, copper, gold, and graphite resources [3][4]. Economic Impact - The granting of the new mining lease, which includes the Gap Zone, could positively impact the project's economics and the potential for moving towards production [4][10]. - Previous drilling results from the Gap Zone indicated strong mineralization continuity, with notable downhole results such as 23m at 0.48% copper, 0.16% cobalt, and 0.16g/t gold [6][10]. Strategic Positioning - Millennium is strategically located near other significant mining projects in Queensland, enhancing its potential for resource development [10][11]. - The project is positioned to benefit from the growing demand for graphite, particularly in the electric vehicle lithium-ion battery sector, where graphite is a key raw material [16][17]. Future Plans - The company plans to assess the graphite potential further through additional surface mapping, sampling, and metallurgical testing [17]. - Results from the current drilling program are expected in late January, and the company will keep stakeholders informed about the mining lease application progress [10].

Core Insights - Waste Management, Inc. (WM) is perceived as a defensive and stable investment option, which can still hold value in a growth-oriented portfolio [1] Group 1: Company Overview - WM is characterized as a defensive stock, often considered boring and slow-moving, yet it possesses merits that can appeal to growth investors [1] Group 2: Analyst Background - The analysis is conducted by a seasoned stock analyst with over 20 years of experience in quantitative research, financial modeling, and risk management, focusing on equity valuation and market trends [1]

Core Viewpoint - Waste Management, Inc. (WM) is perceived as a defensive and slow-moving stock, yet it holds value even within a growth-oriented portfolio [1]. Group 1: Company Analysis - WM is characterized as a defensive stock, which may not appeal during strong growth market conditions, but it still offers merits for investors [1]. - The company has a strong focus on equity valuation, market trends, and portfolio optimization, aiming to uncover high-growth investment opportunities [1]. Group 2: Investment Strategy - The investment approach combines rigorous risk management with a long-term perspective on value creation, emphasizing macroeconomic trends and corporate earnings [1].

Core Insights - The article highlights the increasing threat of insider attacks, particularly from disgruntled former employees, as exemplified by a case involving a former IT contractor who caused significant operational disruption to a large company after being terminated [1][7]. Group 1: Incident Overview - In May 2021, a former IT contractor, Maxwell Schultz, caused a direct loss of $862,000 (approximately 6.13 million RMB) to a major company by exploiting security vulnerabilities after his termination [1][6]. - Schultz was able to regain access to the company's internal network by impersonating another contractor and using his knowledge of the system [3][4]. Group 2: Attack Methodology - The attack was executed using a PowerShell script that reset passwords for approximately 2,500 accounts, leading to a complete shutdown of the company's operations [5][6]. - The incident resulted in all employees being locked out of their computers, halting all system-related operations and disrupting customer service [5][6]. Group 3: Financial Impact - The financial repercussions of the attack included costs from employee downtime, customer service disruptions, and the expenses associated with restoring the network and accounts [6]. - The total loss was attributed to three main factors: employee work stoppage, customer service system failure, and the labor costs for recovery efforts [6]. Group 4: Motivations and Trends - Schultz's motivation for the attack was simply retaliation for his termination, highlighting a growing trend of insider threats driven by personal grievances [7][8]. - Cybersecurity experts warn that such insider attacks are on the rise, particularly in industries that rely heavily on outsourced personnel with elevated access rights [7][8].

Core Insights - Waste Management (WM) reported disappointing Q3 2025 results, with earnings and revenues missing consensus estimates [2] - The stock has seen a 5.9% increase since the last earnings report, outperforming the S&P 500 [1] Financial Performance - Adjusted earnings were $1.98 per share, missing estimates by 1.5% but up 1% year-over-year [2] - Total revenues reached $6.4 billion, slightly missing estimates but growing 14.9% from the previous year [2] - Collection segment revenues were $3.9 billion, a 3.5% increase year-over-year, but below the estimated $4.1 billion [3] - Landfill segment revenues increased 7.8% to $995 million, surpassing the estimate of $986.5 million [3] - Transfer segment revenues rose 8.5% to $396 million, beating the estimate of $391.5 million [3] - Recycling Processing and Sales segment revenues declined 13.9% to $372 million, missing the estimate of $432.3 million [3] - Renewable Energy revenues were $115 million, up 32.2% year-over-year, exceeding the estimate of $103 million [4] - Adjusted operating EBITDA was $2 billion, missing the estimate of $1.9 billion but up 15.1% year-over-year [5] - Cash generated from operating activities was $1.6 billion, with capital expenditures of $635 million and free cash flow of $821 million [6] Future Outlook - WM expects revenues of $25.275 billion for 2025 and adjusted operating EBITDA between $7.475 billion and $7.625 billion [7] - Recent estimates have shown a downward trend, indicating a potential shift in investor sentiment [8][11] Industry Context - WM is part of the Zacks Waste Removal Services industry, where Waste Connections (WCN) reported revenues of $2.46 billion, a year-over-year increase of 5.1% [12] - WCN's expected earnings for the current quarter are $1.30 per share, reflecting a year-over-year change of 12.1% [13]

Core Insights - Waste Management Inc (NYSE:WM) is identified as a top non-AI stock being purchased by Reddit investors ahead of a potential market bubble burst [1] - Analysts from Baird have upgraded Waste Management's stock rating to Outperform from Neutral, highlighting its strong fundamentals and an 8% increase in share price over the past year [2] Company Performance - Waste Management holds approximately 18% of the total addressable market and owns about 10% of landfills in the US [3] - The company has diversified its operations into recycling, healthcare waste, and renewable energy, with recycling contributing around 7% to its total revenue last year [3] - Waste Management has experienced a compound annual growth rate (CAGR) of 8.5% in revenue since 2020, surpassing the sector median growth rate of 4% [3] Market Position - The stock is perceived as defensive due to its core business being relatively insulated from economic slowdowns and tariffs, attracting investors seeking stability amid market uncertainty [4] - While Waste Management is recognized as a solid investment, some analysts believe that certain AI stocks may offer higher potential returns with limited downside risk [4]

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]