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Andreas in Insider trading,

Republic Services expands buyback program

Republic Services, the second largest non-hazardous solid waste management company in the US, recently released a strong financial report for Q3FY15. Revenue jumped 2.5% y-o-y to USD 2.34 bn. Adjusted EPS rose 2% y-o-y to 53 cents. The company generates a significant cash flow, allowing it to pay generous dividends and buy back shares. The company spent USD 191 mn for these purposes over Q3 and USD 594 mn YTD. Dividend amounted to 30 cents (+7% q-o-q), yielding 2.8%. The company’s management expanded the buyback program, adding USD 900 mn. I am upbeat about prospects of Republic Services. Interest in green companies in the world continues to grow. Notably, such famous investors like Bill Gates and Warren Buffett are among the company’s shareholders. In my opinion, the name provides an attractive investment opportunity in the mid-term.