A Slick Move by Clean Harbors
It's not all hurricane all the time. I'm looking at this Clean Harbors (CLH) deal to buy Safety-Kleen, and I am convinced this is a good one for Clean Harbor. It's the same reason so many takeouts are good for the acquirers: They add secular growth to what are viewed as cyclical businesses.
Until Clean Harbors bought Safety-Kleen for $1.25 billion Monday, people had been leaving the stock. They had come to believe it wasn't leveraged to clean up and to waste disposal, and that it had instead become a rig-count play, since a great deal of business had been developed in the oil patch....113 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
