Peter Lynch often advocated us to buy "unattractive" companies with Waste Management being one of the most recommended examples in his book.
Now let's look at a Canadian analogue. Waste Connection.
It has a P/E of 84.06!
While not quite insane like Tesla's 128.87.
It is trading at almost 3x the P/E of NVDA.
Meawhile $WM has a P/E of 33.72.
Why is a literal trash company trading like a high growth tech company?