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Clean Harbors: Sustainable Option for Investing, Environment

Clean Harbors: Sustainable Option for Investing, Environment
(Piotr Trojanowski | Dreamstime.com)

By    |   Wednesday, 30 October 2019 01:04 PM

Hello from the other side of the pond! Many thanks to Newsmax Finance for inviting me to contribute as an Insider. I’m excited to be part of this amazing news platform and to be given the opportunity to bring something new to it!

My aim is to inform readers about stimulating new developments in a world that is rapidly changing towards a whole new genre of technology, and to economic activities and practices that our planetary home can live with and that we can be proud to leave our grandchildren.

Welcome to my blog! By restructuring your investments, you can not only help this great transformation towards a sustainable relationship with the planet, but reap its financial rewards too. That’s how it should be — making money doing the environmentally good thing — it’s a double whammy.

And you won’t be alone — according to Bloomberg, global sustainable investments rose 34% to $30.7 trillion in the 2 years to April 2019 — that’s a market that cannot be ignored by any savvy investor.

So get set for some investment ideas in this blog that can help make you part of the clean and green future and nourish your portfolio at the same time. I’m going to help keep you up to speed with the exciting and fast-moving new world of green technology and pick out stocks and funds to help your or your clients take full advantage of the coming pro-planet economic tsunami.

I’ll kick off today by bringing you an interesting stock with excellent environmental credentials and financial performance, that is also establishing an eye-catching chart breakout.

Clean Harbors Inc. (CLH) is a leading North American provider of environmental, energy and industrial services, including hazardous waste disposal for companies, including Fortune 500 companies, small waste generators and federal, state, provincial and local governments. It has just issued some impressive third-quarter results.

“We generated strong results in the third quarter, as we drove high-value waste streams into our network and achieved growth across our environmental businesses,” according to Alan S. McKim, Clean Harbors chairman, president and chief executive officer.

This year, momentum was extended with a top-line increase of 6% and corresponding growth in adjusted EBITDA (earnings before interest, tax, depreciation and amortization) of 11%. As a result, adjusted EBITDA margin grew year-over-year by 80 basis points to 17.6%.

Third-quarter revenue increased to $891.7 million from $843.2 million in the same period of 2018. Income from operations grew 22% to $80.4 million from $65.7 million in the year-earlier quarter. Net income for the third quarter of 2019 was $36.4 million, or $0.65 per diluted share, compared with $31.1 million in the same period in 2018, or $0.55 per diluted share.

Adjusted for certain items in both periods, net income was $40.7 million, or $0.72 per diluted share, for this quarter of 2019 compared with adjusted net income of $33.3 million, or $0.59 per diluted share, in the same period of 2018.

Considering the fundamentals and prospects, it’s little wonder Yahoo Finance reports that Zacks also lists Clean Harbors among their new strong buy stocks.

For me, Clean Harbors is likewise a strong buy at its recent share price of $84.50.

Simon Lamb is a writer, businessman, farmer, countryman, and passionate conservationist who was educated at Wellington College, Berkshire, England, studying math, languages and economics. His new book, "Junglenomics," represents the culmination of the insights gained during that time into the underlying causes of the world environment crisis, and presents a unified plan to address it based on the workings of ecosystems.

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For me, Clean Harbors is a strong buy at its recent share price of $84.50.
clean, harbors, sustainable, investing, environment
Wednesday, 30 October 2019 01:04 PM
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