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The Company through its subsidiaries provides of environmental services and operates of non-nuclear hazardous waste treatment facilities in North America based on a 2003 industry report.
While an initial glance would show a great deal of promise for Clean Harbors, the volume of environmental violations is troublesome. Furthering this concern, the company seems content to pay its way out of the problem instead of addressing the cause. In the next few years, the environment will become an especially valuable resource, and continuing to sidestep regulations will dig into both profits and reputation.
Thank you for that insight. I was wondering why they were not going up. I too feel that the environment is of prime concern for a companies success and the worlds survival. I will gladly not buy this stock and leave it on my practice ground as a valuable opportunity to recieve information like you just gave me. I am in your debt.
I actually worked in this industry and for Clean Harbors for 19 years. CLHB now owns 70% of the market for hazardous waste (excluding captive incinerators) with their most recent acquisitions. CLHB handles waste that competitiors cannot handle or do not want. Their risk of envioronmental incidents are high but usually the root cause is due to the generator of the waste handling, packaging, or labeling it incorrectly. One major recent incident is being litigated and will most likely become the liability of the generator, not CLHB. CLHB runs a lean profit making machine and is always looking for acquisition opportunities.
I'm not really sure what this review is saying. The volume of environmental violations is troubling. Does that mean there is more opportunity for the company or that they themselves are creating problems? Please clarify.
I am troubled by the number of court proceedings Clean Harbors has been involved in for having violated environmental protection regulations.
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