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Article:Clean Harbors And Smithfield Foods Looking To Assist Ja: g a 2011 03 28 benzinga957224. DTL
Article:Clean Harbors And Smithfield Foods Looking To Assist Ja: g a 2011 03 28 benzinga957224. DTL
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moreClean Harbors And Smithfield Foods Looking To Assist Japan (CLH, SFD)
Steven Anfield, provided by
SFGate March 28, 2011 04:00 AM Copyright SFGate. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Monday, March 28, 2011
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Nasdaq is reporting that Clean Harbors (NYSE: CLH) and Smithfield Foods (NYSE: SFD) could play a vital role in the rebuilding of Japan.
As Japan looks to pick itself up after a horrendous March, it will be looking for help cleaning up hazardous waste and feeding its people. That is where Clean Harbors and Smithfield Foods come in.
Following the earthquake, tsunami and the ongoing nuclear power plant crisis, investors are looking to the stock market for opportunities. CLH is experienced in site decontamination and waste disposal, services that Japan desperately needs. While the majority of its 50,000 customers are in North America, it does have a strong presence in Asia. It also has experience dealing with large-scale disasters, after assisting the efforts following Hurricane Katrina and the BP oil spill in the Gulf of Mexico. CLH s 2010 revenues were boosted by the BP spill, with net income more than tripling to $130. 5 million.
Meanwhile, Smithfield Foods is the world s leading pork producer and, with the Japanese struggling to stock the shelves due to radiation being found in milk, vegetables and even drinking water, Smithfields could well be a beneficiary. Shares in the company are up 10 percent in 2011 and, with a current consensus target price of $26, there is still room to the upside.
While it seems crass to discuss financial gain from horrific world events, the reality is that there is work to be done and that both Clean Harbors and Smithfield Foods can genuinely help.
(c) 2011 Benzinga. com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.
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Clean Harbors And Smithfield Foods Looking To Assist Japan (CLH, SFD)
Articles
Nasdaq is reporting that Clean Harbors (NYSE: CLH ) and Smithfield Foods (NYSE: SFD ) could play a vital role in the rebuilding of Japan. As Japan looks to pick itself up after a horrendous March, it will be looking for.
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