The Globe and Mail reports in its Saturday edition that Tony Soprano famously turned the phrase "I'm in waste management" into mobster shorthand. The Globe's Tim Shufelt writes that a few months ago, when shots were fired at the homes of two GFL Environmental executives on the same night, the company's chief executive officer quickly assured everyone, "This is not The Sopranos." A few weeks later, a GFL office in north Toronto was also shot up. Perhaps it is not surprising the always-lucrative trash business has become even more attractive over the past few years. Recession-proof and practically immune to inflation, waste management is generating juicy margins after a period of industry consolidation. In GFL's third fiscal quarter, it posted an adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) margin of 31 per cent. While some investors may have shied away from the company's heavy debt load in the past, GFL is in the process of selling its environmental services segment for around $8-billion, which will go a long way to improving its balance sheet. As the old saying goes, if they are riddling your home with bullets, you must be doing something right.