Topic: How To Invest

Q: Hi Pat: Can you take a quick look at two stocks for me? Clean Harbors and Aerojet Rocketdyne. Thanks.

Article Excerpt

A: Clean Harbors Inc., $53.62, symbol CLH on New York (Shares outstanding: 57.2 million; Market cap: $3.0 billion; www.cleanharbors.com), through its subsidiaries, provides environmental and hazardous waste management services in North America. Its Technical Services segment collects, transports, treats, and disposes of hazardous and nonhazardous wastes. The SK Environmental Services segment provides confined space cleaning, recycling, demolition, and decontamination services. Industrial and Field Services targets the refinery, chemical, and oil sands drilling markets. With over 50 waste management facilities, the company operates in 36 states, six Canadian provinces and Mexico. The company’s revenue jumped 60.4%, from $2.2 billion in 2012 to $3.5 billion in 2013. That gain is mainly due to its December 2012 acquisition of Texas-based Safety-Kleen, which is the world’s largest re-refiner and recycler of used oil. Clean Harbors paid $1.3 billion for Safety-Kleen. However, revenue then declined to $3.4 billion in 2014, and fell steadily to $2.8 billion in 2016. That’s because falling prices for crude oil forced it to…