I agree...CLH has had a short history...Listed as float of the year in 2000 (or maybe 2001?). Issue at 1.00...listed at 1.26...then to a year high that year of $5.73.....
2016 wasn't the first year that is stumbled.
2005-2009 was the lost half decade for this mob. During this time it was down at low as $0.40.
Now, back then it was all about EPS growth driven by aggressive amortisation that lead to the eventual write down of carrying values of PDL's. Then came the blame game, right downs, a loss of focus, and several changes of management.
My post on 28/10 on this threat was sarcastic, but I was trying to make a point that history is repeating. CEO statements in AR reflect a loss of focus and does not reflect why companies exist. (to provide sustainable, increasing growth and financial returns)
I have seen all of this before with this company - so I can see what's coming for it again.
There will be a time to take a position - but I don't think it is now.
My view only - DYOR
CLH Price at posting:
$1.86 Sentiment: None Disclosure: Not Held
