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I’ve looked into Waste Management (WM) recently as a potential long term investment.  Most of their business is non-cyclical which means they will perform well even during a prolonged economic downturn.

Take a look at a recent Fortune interview with Waste Management’s CEO discussing the future of their business:

The part that grabs my attention the most is their drive to find high-growth, recession-resistent investments. The waste-to-energy market is where they are focusing.  Even better, most of this business is coming from abroad, both in Europe and China.  Especially when it comes to China, this market should fuel earnings for years to come for Waste Management.

I am adding Waste Management to my dividend target list with a target yield of 5.0%.