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Posts with tag American Ecology

Cramer likes toxic waste

Tonight Jim Cramer on CNBC's MAD MONEY said he loves garbage and waste, because we can't stop producing them. Cramer loves toxic waste stocks because of permits needed and barriers to entry, plus longer profitability than regular waste companies that act as cyclicals.

His top pick in the sector on November 11 was Stericycle (SRCL), which is up 20% since and is still his favorite. He said they have the medical waste arena and have been acquiring mom-and-pop medical waste companies around the U.S. Here are the rest of his notes on it.

The first waste management company that he started discussing was American Ecology (ECOL), which he likes because of its emphasis on radioactive and toxic waste. ECOL ran 4% after Cramer noted it. Here are his full notes on ECOL.

Cramer said in a call-in that a big traditional waste company like Waste Management (WMI) trades more like a cyclical sector now. Cramer also said in a call-in that he has been waiting to get Ecolab (ECL), but that it has never given any sort of pullback that made the valuations worthwhile (he wants a big drop in it to be able to buy it).

Jon C. Ogg

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Last updated: December 02, 2008: 10:38 AM

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