Core Viewpoint - Waste Connections Inc. is identified as a strong buy-the-dip stock, with analysts highlighting its differentiated growth strategy and a Buy rating initiated by Stifel with a price target of $221 [1][2]. Company Overview - Waste Connections Inc. operates in solid waste management, providing integrated services such as non-hazardous waste collection, transfer, disposal, and resource recovery, along with specialized services like non-hazardous oilfield waste treatment [4]. Business Structure - Approximately 40% of Waste Connections' business operates under exclusive or franchise contracts, while the remaining 60% serves secondary and rural markets, contributing to its resilient business structure [2]. Financial Performance - The company has demonstrated strong operational performance with a gross profit margin of 42% [2]. Growth Prospects - Stifel expects Waste Connections to achieve mid-7% to 8% free cash flow growth starting from 2028, driven by acquisitions and operational excellence [3]. Shareholder Returns - The company is anticipated to return capital to shareholders through share repurchases, enhancing its investment appeal [3].