Sometimes, you never know when fortune will strike. Investments are at the heart of business ventures, and to put it plainly, they are risks. What does that tell you? That they can go either of two ways – pay off handsomely or be a horrible disappointment.
Luckily for Ozo Jaculewicz and Christopher Warner, theirs is a success story from the most unlikely of investments.
These two partners helped build Waste Connections, a Canadian-based company that deals with waste management, and according to Morningstar, the company is among the best-performing ones among its peers this year.
A Successful Trend
It has actually been doing great for the past three years, with its share price almost double what it was in 2016 when it joined the WFDAX.
In 2019 alone, their stock has gone up 23%. With this top notch performance, investors in the company have reaped huge benefits for their faith in the organization, with Jaculewicz and Warner not being left out.
Morningstar reports that 97% of Waste Connections’ competition has nothing on them, not with the fund going up 34.9%.
In terms of assets owned, they are worth at least $2.6 billion, and no wonder their competitors can’t touch them.
Speaking about the company’s recent string of successes, Warner says that the goal is to shine in diversified market environments, and being co-manager with Jaculweicz helps them find the perfect balance.
That Waste Connections is doing well on the overall doesn’t mean that there haven’t been some tumultuous times at the company.
Connor Young, a Morningstar analyst notes that for the last quarter in 2018, they made a loss of approximately 20%, largely due to the downturn in the market.
All the same, earnings from the entire fiscal year offset the loss, translating to a profitable financial year and, therefore, dividends for shareholders.
Young credits the ability of the company to weather such storms to the effective management of Warner and Jaculweicz.
As he puts it, they implement a proven approach that results in significant long-term results that cast away any short-term upheavals they may have faced along the way.
As already mentioned, back in 2016 is when Waste Connections was added to the Wells Fargo fund, thanks to a merger with Progressive Waste Solutions who had been fierce competition hitherto.
According to Warner, the team at Progressive poorly managed their assets, and the merger provided them a lifeline.
That they were absorbed into the Waste Connections family ensured that they don’t entirely run out of business, but their company name had to go.
The one other thing that plays into this company’s success story is their ability to make smart investment decisions.
Warner doesn’t hold back when he says that they have a strategy that no one else can match, and a 97% ranking in the market is a true testament to this.
They know how to anticipate change and plan for it with their investments, and as such, they are rarely ever shortchanged.
Over the past three years, they have had a return of over 17% on all investments made, and you better be sure that this number hasn’t been cast in stone.