After so many days of downside action in the market, it was nice to see at least the Dow move higher today, trading at 11,288.54, up 73.03 on the day as I write. The Nasdaq, however, didn't participate in this rally and is currently at 2,245.38, down 6.08 on the day.
With the market moving a bit higher, this gave me an opportunity to identify a new name for this blog. Scanning the list of top % gainers on the NYSE today, I came across Ecolab (ECL), a stock that I haven't reviewed here before, and a stock that I believe deserves a spot on this website. I do not own any shares or options of this stock.
ECOLAB (ECL) IS RATED A BUY
Let me share with you my thoughts on this company that led me to this assessment.
First of all, what do they do?
According to the Yahoo "Profile" on ECL, the company
"...develops and markets products and services for the hospitality, foodservice, healthcare, and light industrial markets in the United States and internationally. The company offers cleaning and sanitizing products and programs, as well as pest elimination, maintenance, and repair services primarily to hotels and restaurants, healthcare and educational facilities, quick service units, grocery stores, commercial and institutional laundries, light industry, dairy plants and farms, food and beverage processors, and the vehicle wash industry."
And how did they do in the latest quarter?
On April 24, 2008, Ecolab reported 1st quarter 2008 results.
