Why This Texas-Based Company's Stock Could Be a Strong Addition to Long-Term Portfolios

This company turns trash into cash flow.Whoever first quipped "one person's trash is another's treasure" was on to something. Houston-based Waste Management (WM -0.01%) has turned trash collection and disposal into a very lucrative enterprise. It generated $22 billion in revenue last year and pocketed nearly $3 billion in profit. Demand for WM's services continues to grow, making it a reliable long-term investment. Here's why this Texas-based company could be a great addition to your portfolio. Turning tras ...