Topic: How To Invest

Q: Good morning, Pat. I am enjoying your Inner Circle program. Here’s my question for you today: What are your thoughts on Clean Harbors?

Article Excerpt

A: Clean Harbors Inc., $119.25, symbol CLH on New York (Shares outstanding: 54.1 million; Market cap: $6.4 billion; Manufacturing sector; TSINetwork Rating: Extra Risk www.cleanharbors.com), is a provider of hazardous waste solutions, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen business, Clean Harbors is also North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, the company operates in the U.S., Canada, Mexico, Puerto Rico and India. Clean Harbors serves a diverse customer base, including most Fortune 500 companies. Its customer base spans numerous government agencies and several industries, including chemical, energy and manufacturing. To expand its industrial cleaning business, the company completed the acquisition of HydroChemPSC for $1.25 billion in cash in October 2021. Based in Deer Park, Texas, HydroChemPSC is a leading U.S. provider of industrial cleaning, specialty maintenance and utility services. The company has more…