Allied Waste Industries Inc  (AW) Trade Now »     Rate AW  -  Discuss AW  -  Add to Watch List        

With all of the major indices now in bear market territory it seems as though the best way for a long investor to play this market is to avoid the losing stocks and switch into the winners. I sometimes liken investing to gambling, but the advantage of investing over gambling is that you can change your bet at any time. Imagine if you were playing blackjack only to find that you had a very weak hand. But in this particular game of blackjack you can swap cards with the person sitting next to you and as luck would have it, that person has a very strong hand that looks very likely to win. Now,

Barely two months ago I wrote a positive column about Allied Waste (AW), saying:
“After underperforming its peers Waste Management (WMI) and Republic Services (RSG) for the last few months, Allied Waste (AW) looks poised for a rebound. On the basis of my valuation, I believe the shares are worth $14 to $14.50, or about 25 to 30% higher than the current price.”

Republic’s $15 + bid for Allied late Friday got them there pretty quickly. The shares rose 31.9% since the time I wrote the article, compared to a decline of 0.9% in the S&P 500.
When it comes to acquisition offers - particularly thos

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