Cramer Likes Toxic Waste

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By Douglas A. McIntyre Published
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Tonight Jim Cramer on CNBC’s MAD MONEY said he loves garbage and waste, because we can’t stop producing waste.  His stock in waste management that he first started discussing was in toxic waste: American Ecology (ECOL).  But his favorite pick will come second tonight.

American Ecology (ECOL) is one he likes for its hazardous, nuclear, toxic, and environmental waste.  The company knows how to exploit toxic waste clean-up into profits.  ECOL has only a $326 million market cap, but it closed up 1.8% at $17.97 today.  Its 52-week high is $27.91; trades at 21-times past earnings and at 18-times 2007 earnings.  Cramer loves the storage business, take-away business, and he loves the government business that they have.  Cramer said it is also part of a government sanctioned oligopoly with high barriers to entry because of all the permits that have to be held.  Cramer said it’s a defensive growth stock with close to a 4% dividend yield.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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