Topic: How To Invest

Pat: I’m looking at buying shares of Marsulex. It has a high yield. Is it a good buy? Thanks in advance.

Article Excerpt

Marsulex Inc., $12.20, symbol MLX on Toronto (Shares outstanding: 33.0 million; Market cap: $401.1 million, www.marsulex.com), provides environmental services that include controlling air quality and treating and handling industrial by-products and hazardous waste. The company also makes and sells sulphur-based industrial and water-treatment chemicals. Marsulex’s Industrial Services division, which accounted for 53% of the company’s 2009 sales, helps oil refiners and power generators comply with air- and water-quality regulations. This division treats sulphur compounds that are created during the refining process, handles petroleum coke, and disposes of hazardous waste, among other services. The company’s Environmental Technologies division (24% of 2009 sales) helps electrical utilities and petrochemical and industrial customers comply with air-quality regulations. This division’s services include designing pollution-control equipment, engineering and project management. It also licenses its technology to other companies in the pollution-control industry. Marsulex’s Western Markets division (23% of 2009 sales) sells sulphur-based industrial chemicals, such as sulphuric acid and liquid sulphur dioxide. It also supplies aluminum sulphate…