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'Waste-full' Is Good for the Long Haul

NEW YORK ( TheStreet) -- Are you as happy that the elections are over as I am? Whether your candidates or your referendums were successful or not, it's time for Americans to go forward with optimism and profitable activities.

As one of the great First Ladies, Eleanor Roosevelt wrote, "Yesterday is history, tomorrow's a mystery and today is a gift. That's why it's call 'the present'." That's true for every one of us in every moment of our lives. Today I'll share with you "a gift" that will keep on giving as long as there are humans.

In America, we throw away 195 million tons of trash and garbage each year. Evidence suggests that each American generates almost five pounds of trash every day. Yes, we are also fairly adroit at recycling, but humanity seems more predisposed to the generation and disposal of mountains of waste.

The "gift" in that knowledge involves a handful of publicly traded companies who make billions of dollars picking up and sorting through our tons of trash, as well as recycling most recyclable materials. One of the biggest and most prolific of these companies is Waste Management (WM - Get Report) with its generous dividend yield of around 4.4%.

WM is waste-full in the sense that every day its trucks, containers and dumpsters are filled to overflowing with lots and lots of garbage and trash. Unless we want the rats and cockroaches to take over, companies like WM will be very much needed and paid accordingly.

The company is also committed to waste-to-energy and landfill gas-to-energy facilities in the U.S. This sometimes doesn't catch the media's attention, but WM continues to practice a form of sustainable energy production.

This includes capitalizing in landfill gas-to-energy operations where WM is recovering methane gas produced naturally as waste decomposes in landfills for use in the generation of electricity. They are understandably proud of this and their recycling emphasis as you can see at their user-friendly Web site.

WM's collection services include picking up waste and recyclable materials and transporting both to a transfer station, material recovery facility or disposal site. Their extensive recycling operations include materials processing, plastics materials recycling and commodities recycling.

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