The market's choppy / consolidating pattern continues, suggesting the need for an additional defensive play or two (or perhaps more), and with this as a backdrop, Ecolab is worth a review.
Ecolab (NYSE: ECL) is a global supplier of cleaning, sanitizing, and maintenance products and services for the hospitality, institutional, and industrial markets.
Analysts expect the company's domestic institutional, Kay, food & beverage, health care, and pest elimination units to continue to expand. Revenue is expected to increase a healthy 10-13% in 2008.
Further, international sales should continue to be strong, with better-than-adequate margins. Overall costs remain reasonable, even with higher raw material costs. In short, it's a largely positive commercial landscape for ECL, bolstered by favorable international economic conditions. The Reuters F2007/F2008 EPS consensus estimates for Ecolab are $1.66/$1.90.
Ecolab (NYSE: ECL) is a global supplier of cleaning, sanitizing, and maintenance products and services for the hospitality, institutional, and industrial markets.
Analysts expect the company's domestic institutional, Kay, food & beverage, health care, and pest elimination units to continue to expand. Revenue is expected to increase a healthy 10-13% in 2008.
Further, international sales should continue to be strong, with better-than-adequate margins. Overall costs remain reasonable, even with higher raw material costs. In short, it's a largely positive commercial landscape for ECL, bolstered by favorable international economic conditions. The Reuters F2007/F2008 EPS consensus estimates for Ecolab are $1.66/$1.90.
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