Core Viewpoint - Lassila & Tikanoja Plc has reported a share-based incentive transaction involving its CEO, Eero Hautaniemi, indicating the company's commitment to aligning management interests with shareholder value through equity compensation [1]. Group 1: Management Transactions - Eero Hautaniemi, the CEO of Lassila & Tikanoja Plc, received a share-based incentive of 3,268 shares at a unit price of 0.00 EUR on March 9, 2026 [1]. - The aggregated transaction volume for this share-based incentive was also 3,268 shares, with a volume-weighted average price of 0.00 EUR [1]. Group 2: Company Overview - Lassila & Tikanoja is a leading Nordic circular economy company focused on waste management, recycling, hazardous waste services, and water treatment [2]. - The company aims to promote sustainable material use by transforming waste streams into valuable raw materials, thereby strengthening societal infrastructure [2]. - Lassila & Tikanoja employs approximately 2,300 people across Finland and Sweden and is listed on Nasdaq Helsinki [2].

Core Insights - 374Water has received approval from the City of Orlando to launch a licensed Waste Destruction Services hub, marking a significant milestone in its expansion efforts [1] - The agreement includes an initial five-year term with options for two additional five-year extensions, aimed at providing reliable destruction of PFAS-contaminated and other non-hazardous organic waste streams [1] Expansion of Services - The approval allows 374Water to expand its Waste Destruction Services platform to serve industrial, state, local government, and municipal customers [1] - The company plans to enhance holding tank capacity, receive significant waste volumes, scale related assets and logistics infrastructure, and optimize throughput and operating economics [1] Partnership Background - The partnership with the City of Orlando began in March 2024, with the deployment of a commercial-scale AirSCWO system at the Iron Bridge facility [1] - A 90-day biosolids destruction program launched in May 2025 validated the system's ability to eliminate PFAS-contaminated and other organic waste streams [1] Update on Other Projects - 374Water is advancing its next-generation AirSCWO system for deployment in California's Orange County Sanitation District, focusing on engineering and design enhancements to improve throughput and reliability [1] - The delivery timeline for the OC San system has been extended beyond 2025, with revenue now expected to be recognized in 2026 [1] Strategic Positioning - In 2025, 374Water launched its Waste Destruction Services business to address the growing demand for PFAS destruction and establish a recurring revenue model [1] - The Orlando license represents the first scalable municipal services platform under this strategy, positioning the company for future growth [1]

Company Overview - The newly appointed CEO Greg Abel plans to maintain Berkshire Hathaway's decentralized model, strong balance sheet, and culture, indicating that significant changes are not expected soon under his leadership [1] - The company has produced solid operating results, particularly from its core insurance business, despite a decline in share price since Warren Buffett announced his retirement [2] - Berkshire Hathaway's stock is currently considered to be at one of its best valuations in years, with a share repurchase program recently reinitiated by Abel [6] Gates Foundation and Investment Strategy - The Gates Foundation received 9.4 million Class B shares from Warren Buffett this year, with a stipulation to spend an amount equal to the donation plus 5% of its other assets annually to receive future donations [3] - The foundation's equity portfolio, valued at $38 billion, reflects a concentrated investment strategy, with approximately 60% held in just three stocks [4] Waste Management (WM) - WM has built a vertically integrated business model that allows for consistent price increases and margin expansion, producing a 4.8% revenue increase in its legacy business [10] - The company has expanded its operations through acquisitions, including the purchase of Stericycle, which has created new growth opportunities [9] - WM's stock trades at 30 times forward earnings estimates, which is cheaper than its competitors, but investors may seek a better entry point due to recent price increases [11] Canadian National Railway (CNI) - CNI is a significant holding for the Gates Foundation, with 44.6 million shares donated by Gates in 2022, making it the foundation's third-largest equity position [12] - The company has faced increased competition, but it remains protected from new entrants due to the impracticality of establishing new railroads [13] - CNI's revenue increased by 2% year-over-year in the fourth quarter, and management expects flat revenue for 2026 while driving down capital expenditures [14][15]

Company Overview - Lassila & Tikanoja Plc is a leading Nordic circular economy company focused on maximizing the potential of circularity in collaboration with customers and partners [2] - The company provides services in waste management and recycling, hazardous waste and remediation, industrial services, and water treatment [2] - Lassila & Tikanoja aims to enhance societal infrastructure and promote sustainable material use by converting waste into valuable raw materials [2] - The company employs approximately 2,300 people in Finland and Sweden and is listed on Nasdaq Helsinki [2] Share Repurchase Details - On March 9, 2026, Lassila & Tikanoja repurchased 12,000 shares at an average price of €7.6315 per share, totaling a cost of €91,578 [1] - Following this transaction, the company holds a total of 56,000 shares [1] - The share buybacks comply with Regulation No. 596/2014 of the European Parliament and Council (MAR) Article 5 and the Commission Delegated Regulation (EU) 2016/1052 [1]

Group 1 - Lassila & Tikanoja Plc executed a share repurchase on March 6, 2026, buying back 8,000 shares at an average price of €7.6352 per share, totaling €61,081.60 [1] - Following this transaction, Lassila & Tikanoja Plc now holds a total of 44,000 shares [1] - The share buybacks are conducted in compliance with European regulations, specifically Regulation No. 596/2014 and Commission Delegated Regulation (EU) 2016/1052 [1] Group 2 - Lassila & Tikanoja is recognized as a leading Nordic circular economy company, focusing on waste management, recycling, hazardous waste services, and water treatment [2] - The company aims to enhance societal infrastructure and promote sustainable material use by converting waste into valuable raw materials [2] - Lassila & Tikanoja employs approximately 2,300 people across Finland and Sweden and is listed on Nasdaq Helsinki [2]

Core Viewpoint - Despite the S&P 500's stagnation and rising market anxiety, certain companies are thriving due to their immunity to tariff impacts and strong operational fundamentals [1]. Group 1: Waste Management (NYSE:WM) - Waste Management operates without international revenue, making it immune to tariff fluctuations, and reported a 2025 revenue of $25.204 billion, a 14.24% increase year-over-year [2]. - The company achieved a 30% adjusted EBITDA margin for the first time, with core pricing growth of 6.3% in 2025 [2]. - Free cash flow is expected to grow nearly 30% in 2026, supported by investments in recycling and renewable energy [2]. - The stock is up 12% year-to-date, trading at approximately 30x forward earnings, with a target price of $253 [2]. Group 2: Republic Services (NYSE:RSG) - Republic Services, the second-largest waste hauler in the U.S., mirrors Waste Management's tariff immunity and has a strong pricing power [3]. - The company reported a 16.91% increase in free cash flow to $2.433 billion for 2025, with a revenue guidance of $17.05 to $17.15 billion for 2026 [4]. - Core pricing growth was 5.9% for 2025, and the company returned $1.6 billion to shareholders through dividends and buybacks [4]. - The stock is up 9.6% year-to-date, trading at about 32x trailing earnings, with a consensus target of $244 [5]. Group 3: Welltower (NYSE:WELL) - Welltower operates in the senior housing sector, which is not affected by tariffs, generating revenue from occupancy rates and healthcare rents [6]. - The company reported a 20.4% year-over-year growth in same-store NOI for 2025, with occupancy rates reaching 89.5% [7]. - Normalized FFO guidance for 2026 is between $6.09 and $6.25 per share, and the quarterly dividend was raised by 10.4% [7]. - The stock is up nearly 11% year-to-date and has increased 34.6% over the past year, with a target price of $227.50 [8]. Group 4: WEC Energy Group (NYSE:WEC) - WEC Energy Group operates regulated utilities, providing a tariff-proof business model with state-approved rates [9]. - The company reported an adjusted EPS of $5.27 for 2025, an 8% increase year-over-year, and guided for 2026 EPS of $5.51 to $5.61 [11]. - The dividend has grown for 23 consecutive years, currently yielding about 3%, with retail electricity deliveries up 2.2% in 2025 [11]. - The stock is up 11% year-to-date, nearing its 52-week high of $117.60 [12]. Group 5: Visa (NYSE:V) - Visa operates a business model that is unaffected by tariffs, generating revenue from electronic transactions rather than physical goods [13]. - The company reported Q1 fiscal 2026 revenue of $10.9 billion, a 14.6% year-over-year increase, with processed transactions rising by 9% to 69.4 billion [14]. - Despite being down about 8.6% year-to-date, Visa has a consensus target price of $400 compared to its current price near $320 [14]. Common Thread - Four of the five highlighted stocks are outperforming the S&P 500 by double digits in 2026, indicating a shift in Wall Street's focus towards businesses less affected by trade policy uncertainties [15].

Company Overview - Casella Waste Systems is a leading integrated waste management company in the northeastern U.S., focusing on maximizing resource recovery and providing comprehensive services to a diverse customer base [6] - The company operates a vertically integrated model, managing collection operations, transfer stations, recycling facilities, and landfills [9] Financial Performance - For 2025, Casella Waste Systems reported revenue of $1.8 billion, an increase of 18%, with adjusted EBITDA rising 17% to $422.8 million [10] - Adjusted free cash flow increased to $179.9 million, up 13.6%, despite a compression in reported net income due to higher depreciation from acquisitions [10] - The company guided for adjusted EBITDA of $455 million to $465 million for 2026, indicating continued mid-teens cash flow expansion [11] Market Position - As of the latest filing, Casella Waste Systems shares were priced at $93, down 18% over the past year, underperforming the S&P 500's approximately 15% gain [8] - The company benefits from stable demand and regulatory-driven barriers to entry in the waste sector, which limits competition [6][11] Investment Insights - 4D Advisors initiated a new position in Casella Waste Systems, acquiring 95,000 shares valued at $9.30 million, representing 5.1% of their 13F reportable assets under management [2][8] - The investment reflects a strategy of adding durable assets within a portfolio that includes sectors like tobacco and data analytics [12]

Group 1 - Lassila & Tikanoja Plc executed a share repurchase on March 5, 2026, buying 12,000 shares at an average price of €7.5999 per share, totaling €91,198.80 [1] - Following the repurchase, Lassila & Tikanoja Plc now holds a total of 36,000 shares [1] - The share buybacks comply with Regulation No. 596/2014 of the European Parliament and Council (MAR) Article 5 and the Commission Delegated Regulation (EU) 2016/1052 [1] Group 2 - Lassila & Tikanoja is a leading Nordic circular economy company focused on waste management, recycling, hazardous waste services, and water treatment [2] - The company aims to promote sustainable material use by transforming waste streams into valuable raw materials [2] - Lassila & Tikanoja employs approximately 2,300 people in Finland and Sweden and is listed on Nasdaq Helsinki [2]

Core Viewpoint - Enviri Corporation is progressing towards the mid-year 2026 closing of the sale of Clean Earth to Veolia Environnement SA, having terminated the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, which is a necessary condition for the transaction [1][2]. Group 1: Transaction Details - The early termination of the waiting period under the HSR Act allows Enviri to move forward with the sale of Clean Earth to Veolia [1]. - Enviri plans to file its Form 10 registration statement for the spin-off of Harsco Environmental and Harsco Rail, referred to as "New Enviri," along with a proxy statement related to the Clean Earth sale later this month [2]. - The completion of the Clean Earth sale and the spin-off of New Enviri is anticipated to occur in mid-2026, pending shareholder approval and other customary closing conditions [2]. Group 2: Company Overview - Enviri is a global leader in environmental services, focusing on providing innovative solutions for waste recycling and reuse, helping customers meet their sustainability goals [3]. - The company operates in over 150 locations across more than 30 countries, emphasizing its extensive reach and commitment to environmental transformation [3].

Company Overview - Clean Harbors (CLH) is valued at $15.72 billion and is a leading provider of environmental, energy, and industrial services in North America [1] - The company operates the largest number of hazardous waste incinerators, landfills, and treatment, storage, and disposal facilities [1] Service Offerings - Clean Harbors provides a broad range of services including end-to-end hazardous waste management, emergency response, industrial cleaning and maintenance, and recycling services [2] - It is the largest re-refiner and recycler of used oil globally and the leading provider of parts washers and environmental services to commercial, industrial, and automotive customers in North America [2] Stock Performance - Clean Harbors shares are up more than 45% over the past year and are trading at new all-time highs [5] - The stock has gained 45.69% over the past 52 weeks and has made 11 new highs, with a 12.38% increase over the past month [6] - The recent trading price of CLH is $293.89, with a 50-day moving average of $262.48 [6] Technical Indicators - Clean Harbors has a Weighted Alpha of +53.61 and maintains a 100% "Buy" opinion from Barchart [6] - The Relative Strength Index (RSI) is at 70.84, indicating strong momentum [6] - There is a technical support level around $290.11 [6] Analyst Sentiment - Analyst sentiment is bullish with price targets up to $412, although Morningstar sees CLH as 9% overvalued at current levels [5] - The Trend Seeker issued a new "Buy" signal on December 2, with shares increasing by 22.85% since then [3]