Kennedy: Clean Up with Clean Harbor
12/06/2002 12:00 am EST
Kevin Kennedy, editor of The Coolcat Explosive Small Cap Growth Stock Report, has an uncanny knack for isolating timely and interesting stocks. His latest breakout candidate is involved in environmental clean-up services, an area that has garnered investor attention in the wake of the recent oil spill off the Spanish coast. And while the company is not involved in that clean-up, the incident has brought attention to the firm’s environmental operations.
“Clean Harbors (CLHB NASDAQ), through its subsidiaries, provides a wide range of environmental and waste management services to a diversified customer base, including a majority of the Fortune 500 companies, thousands of smaller private entities, and numerous governmental agencies. Within its international footprint, Clean Harbors has service and sales offices located in 40 states, six Canadian provinces, Mexico, and Puerto Rico, and operates over 50 waste management facilities strategically located throughout North America.
“Clean Harbors completed its acquisition of Safety-Kleen's Chemical Services Division on Sept. 10. The company recently reported a net loss of $2.71 per share, or $32.7 million, for the third quarter, but said it anticipates full-year 2003 revenues of $730 to $750 million and diluted earnings per share of $2.00 to $2.06 due to the acquisition. Technically, the stock is near its high and shows relative strength of 99 (out of 100).”