The US may do a poor job of averting environmental problems, Cramer said Friday, but it's at least responsive to the need to clean-up disaster areas and dispose of hazardous waste. If as investors we can't prevent spills or other kinds of pollution, we can at least profit from the clean up.
For that reason, Cramer likes Clean Harbors , the largest operator of hazardous waste disposal assets in North America. With a 65 percent share of incinerator capacity and a 16 percent share of the landfill market, it's second only to Waste Management in terms of volume. The company also has an industrial maintenance segment, which provides clean-up services at refineries, chemical plants, pulp and paper mills and the like. It also has a major environmental clean-up business, which won the contract to handle the Gulf oil spill.
Cramer first recommended this stock on June 11 when it was trading at $67.76, suggesting homegamers buy it on a pullback to the low $60 level. It fell to that level in July and is now trading at $72.09. He thinks CLH has more room to run given that it's selling for 22 times earnings with a long-term growth rate of slightly less than 21 percent.
To get a better outlook on this company, Cramer invited Clean Harbors CEO Alan McKim to appear on "Mad Money." Watch the video to see the full interview.
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