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Higher Prices Enhance Waste Firm's Growth.(B)(NASDAQ STOCKS IN THE NEWS)

Investor's Business Daily

| September 04, 2002 | COPYRIGHT 2002 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: David Saito-Chung

Waste Connections stumbled after trying to break out of a long base and making fresh highs in late April to early May this year. It's now near the top of a new base.

The Folsom, Calif.-based firm provides solid waste handling and treatment services. While garbage hauling might not sound like a high-growth business, Waste Connection has achieved accelerating earnings per share growth. Over the past four straight quarters, it has risen from 9% to 12% to 16% to 34% to 42%. In past healthy bull markets, many of the brightest stars enjoyed accelerating rates of earnings growth before they ...

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