About the only surprise about Clean Harbors (CLH), the waste management company, is that almost every analyst who follows it still rates is as a Buy.
That's even after the company's most-recently-reported quarter, which included yet another in a series of sliced guidance, missed expectations or a combo of both.
Yet this is the same company:
- That is still hoping for the best from its Safety-Kleen acquisition late last year, which hasn't generated the margin growth the company forecast.
- That bought into the oilfield waste disposal and services business at the peak of the oil cycle.
- Whose CFO (on the job when Safety-Kleen was bought) quit in February after less than a year on the job. He was replaced by the company's former CFO, who is also president. (It's often best when those two jobs are split.)
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