Waste is a really good business. We have covered the industry on Wallstrip with Waste Connection (WCN) in the past. Investor’s Business Daily has a great roundup of some of the waste industry leaders .

Medical waste is even better than your plain old neighborhood waste. At least it has been for Stericycle (SRCL) . Today we take a fun look at the stock on Wallstrip .

Forget overvalued, undervalued for a minute…the company and shares have been blessed by James Cramer :) . These guys own the industry of medical waste management. There is no other public play and you should check out their website to see how big they really are and what they do .

One look at the price chart and you will see that this is not an undiscovered little gem. That does not mean you can’t own it or profit, you just need to adjust your expectations. Brian says you need to be really careful owning the stock here, especially in this risk environment .

I agree but if you want to own the stock now, give it a wide berth with a stop below $45. Long-term buying leaders will work with the proper money management. To do that you must adjust your position size accordingly to account for the downside price risk. I am going to pass for now but since putting it on the Wallstrip production list have been following the idea a little more closely.

Disclosure – No Positions