- Since my previous article, CLH lost ~2% vs. a loss of ~9.6% for the S&P 500 and has outperformed the market.
- The company reported better-than-expected results, prompting me to reconsider some of my previous assumptions.
- CLH has a good chance of growing faster than the industry average of 5%.
- Overall, I believe the stock is worth $80 per share, which is close to the current market price of nearly $87 per share.
- The lower the stock price will fall, the higher the chance CLH becomes a serious takeover target for a larger player.
For further details see:
Clean Harbors: Revisiting The Investment Thesis