Clean Harbors' overexposure to the volatile energy sector continues to weigh on shareholder returns.
As we incorporate narrow-moat Clean Harbors’ new reporting segments into our discounted cash flow model, we don’t expect to materially change our $47.50 per share fair value estimate. Like its U.S. hazardous waste peers, soft activity and project delays stemming from industrial and exploration and production customers marked the fourth quarter, causing revenue to fall nearly 3% to $692 million. At issue was Clean Harbors’ exposure to western Canada, which hasn’t seen the same signs of recovery a...Clean Harbors is a provider of environmental, energy and industrial services throughout North America. The company collects, transports, treats and disposes of hazardous and non-hazardous waste, including resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemical disposal, explosives management and CleanPack? services. The company's Safety-Kleen business provides an array of environmental services and complementary products to a range of customers including automobile repair shops, car and truck dealers, metal fabricators, machine manufacturers, fleet maintenance shops and other automotive, industrial and retail customers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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