Posted on November 20, 2023
Just business today.
No furtin’ around.
Republic Services, Inc. (NYSE:RSG) picks up your garbage.
They call it ‘recycling’ and ‘solid waste management’ and ‘environmental solutions’, but c’mon fellas, we’re all grown-ups here.
Let’s look at some numbers now.
Fundamentally, this fleet of garbage trucks looks way overpriced to us.
The only thing driving RSG’s momentum these days is talk of AI being incorporated into the business model to replace workers, reduce costs, and make the job of sorting trash more efficient.
With robots and optical scanners assisting the process, they claim, the opportunities for savings will be manifold and myriad.
Only problem is they don’t exist just yet.
No matter, though.
When companies talk about AI these days, it’s generally enough for Wall Street to start selling the snake oil.
With kind regards,
Hugh L. O’Haynew