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Eastman Chemical Company

  • Billionaire Leon Cooperman's Shakeups

    By Marshall Hargrave - May 25, 2013 | Tickers: EMN, HUM, PCLN, S

    Billionaire Leon Cooperman grew up as the son of a plumber living in the South Bronx, then worked his way into Hunter College as a Xerox quality control engineer in the mid-60's. Later, Cooperman went to Columbia Business School for an MBA.

    After a 25-year career with Goldman Sachs, Cooperman founded Omega Advisors in 1991. Outlined below is some of the interesting takeaways from Omega's recent buys and more »

  • Is the Time Right to Buy Chemical Stocks?

    By Masam Abbas - April 11, 2013 | Tickers: EMN, LYB, DOW

    Ethane and propane prices declined considerably in the first quarter of 2013. This has given the market a money-making opportunity in the form of investment in the ethylene companies, which are expected to post a strong quarter given the decline in cost of raw material.

    However, the investment decision may not be so straightforward after all, given that most of the chemical companies have been lowering their earnings guidance due more »

  • The Biggest Chemical Company Is Also the Best Value

    By Matthew Frankel - April 11, 2013 | Tickers: DD, EMN, DOW

    The largest chemical company in the United States, Dow Chemical (NYSE: DOW), has experienced a bit of a pullback lately (around 10%), which makes their shares seem very attractive right now.  Currently yielding over 4.1%, Dow’s revenues and earnings, which declined in 2012, are expected to rebound this year, and then to grow at a very good rate going forward.  With the company a couple of weeks away more »

  • Ethylene Prices Fall, Is it Time to Buy Chemical Stocks?

    By Masam Abbas - April 7, 2013 | Tickers: EMN, LYB, DOW

    Ethane and propane prices saw a considerable decline in the first quarter of Calendar Year 2013. This has given the market a money-making opportunity in the form of investment in the ethylene companies which are expected to post a strong quarter given the decline in cost of raw material. However, the investment decision may not be straight after all given that most of the chemical companies have been lowering their more »

  • Is DuPont a Good Stock to Buy?

    By Meena Krishnamsetty - April 2, 2013 | Tickers: APD, DD, EMN, FMC, DOW

    DuPont (NYSE: DD) has fallen 8% in the last year against a rising market. The $46 billion market cap company produces chemicals, agricultural products, and industrial materials. In 2012 DuPont’s revenue increased only 3% compared to the previous year, with higher sales in the U.S. and Canada- the largest geographic segment, responsible for about 40% of revenue, offsetting smaller declines in EMEA and Asia-Pacific. In terms of the more »

  • 5 Key Bets Made By This Billionaire’s Subsidiary Hedge Fund

    By Meena Krishnamsetty - March 15, 2013 | Tickers: CF, EMN, MON, PPG, RPM

    Hedge funds are often thought of as solely being an investment tool for elite investors capable of risking millions, but there are also ways for the general public to piggyback off of their picks. We track 450 of the world’s top-tier hedge fund managers, and for more than a decade in our back tests, our small-cap strategy beat the market by 18% a year. Since we've started sharing more »

  • Why Methanol May Be the Next Big Chemical Story

    By Paula Wendland - February 26, 2013 | Tickers: CE, EMN, MEOH

    Due to changes in the global supply/demand balance and the increasing popularity of this versatile chemical in Asia, industry insiders expect a positive pricing environment for methanol into 2015 and beyond.  Approximately two-thirds of the world’s methanol production is converted to formaldehyde used in building materials, such as plywood, foams and paints.  The remaining third of the supply has a role in home heating and cooking, as a fuel additive, and as a feedstock for plastic production.  While the revival of the homebuilding sector across the US should drive demand for methanol over the remainder of the business cycle, the greatest pricing pressure should come from Chinese buyers hoping to cushion the blow of high crude oil costs and to feed the nation’s many newly-constructed methanol-to-olefins (MTO) plants.

  • The Argument for and Against LNG Exports

    By Erin McBride - January 15, 2013 | Tickers: AA, CE, EMN, NUE, DOW

    In short, this situation is thus: The United States has a lot of natural gas and needs to decide what to do with it. One side (the petroleum industry) wants to turn it into liquefied natural gas (LNG) and export it.  The other side (big manufacturing companies) wants to keep it at home and use it in manufacturing. 

    The Department of Energy (DOE) is currently considering a dozen applications to more »

  • Midsize Chemical: Best of Both Worlds or Indecisive Junk?

    By Chris Hodge - January 8, 2013 | Tickers: ASH, CE, EMN, FMC

    Some people really hate anything mid-size. After all, the likelihood of this size range suddenly leaping into multi-bagger territory is fairly small. But at the same time these types of companies don't tend to have a huge and dedicated staff who are totally convinced that the company is an invincible juggernaut. So you're kind of stuck. The company probably won't niche down and wedge itself into a more »

  • Will This Fiery Stock Sizzle in 2013?

    By Neha Chamaria - December 17, 2012 | Tickers: CE, DD, EMN, HUN, DOW | Editor's Choice

    Some stocks don’t even pause to catch a breath. Look at Eastman Chemical’s (NYSE: EMN) wild ride in 2012 – I have lost count of the new highs it created this year. And there’s no stopping it -- the stock hit $65.07 last week -- an all-time high for Eastman.

    Many are sulking over the missed opportunity, and the question that’s troubling them is: Will Eastman do an more »

  • DuPont Announces Repurchase Program and Solid Fiscal Year 2013 Guidance

    By RJ Towner - December 14, 2012 | Tickers: DD, EMN, MON

    Conglomerate DuPont (NYSE: DD) announced a $1 billion share repurchase program Tuesday. The firm’s shares have been largely stuck in neutral (shares are about where they were at the beginning of the year), but we think the announcement signals that management believes the company is inexpensive at current levels.

    DuPont also announced that its earnings per share for fiscal 2012 will come in at $3.25-$3.30 on more »

  • Two Insiders Love This Chemicals Stock

    By Meena Krishnamsetty - November 30, 2012 | Tickers: ALB, CBT, CHMT, EMN, KRO

    Robert Dover, a member of the Board of Directors at Chemtura Corporation (NYSE: CHMT), directly purchased 8,700 shares of the company’s stock on Nov. 27 at an average price of $20.04 per share. Dover now owns a little over 23,000 shares in the $2 billion market cap specialty chemicals company, so this recent purchase represented a substantial percentage increase in his exposure to the stock. At more »

  • This Timber REIT is a Great ‘Pulp Friction’ Investment

    By Meena Krishnamsetty - November 13, 2012 | Tickers: EMN, PCL, PCH, RYN, WY

    At the 2012 Invest for Kids conference, Alex Klabin of Senator Investment Group pitched an idea he calls ‘Pulp Friction.’ Klabin’s pick, Rayonier (NYSE: RYN), is a timber REIT with performance fiber operations. Klabin says about Rayonier: "It has sex appeal...with the fiber segment having high margins and high barriers to entry and the REIT segment being like an annuity and inflation hedge." Both Klabin and Doug Silverman more »

  • 5 Stock Picks From a Special Situations Hedge Fund

    By Meena Krishnamsetty - November 7, 2012 | Tickers: AZO, EMN, OCR, TYC, WYN

    About six to seven weeks after the end of each fiscal quarter, the SEC requires hedge funds and many other large investors to disclose many of their long positions in publicly traded stocks in 13F filings. Iridian Asset Management, a special situations fund managed by David Cohen and Harold Levy, has turned in their homework a bit early and so we have the opportunity to look at what this investment more »

  • Betting on a Global Recovery with Chemicals

    By Meena Krishnamsetty - November 2, 2012 | Tickers: CE, DD, EMN, FMC, DOW

    Eastman Chemical (NYSE: EMN) was up over 12% last week as earnings beat expectations. The company posted EPS of $1.57, while consensus estimates were at $1.42 a share. The chemical industry should see positive demand in the future as global growth is expected to rise 2.6% in 2013, up from a projected growth of 2.4% in 2012.

    With a beta of 2.0, the company will more »

  • This Stock’s on Fire - Don’t Miss It!

    By Neha Chamaria - November 1, 2012 | Tickers: CE, DD, EMN, XOM, DOW

    If you have been following my articles, you wouldn’t have missed this stock’s run up. When Eastman Chemical (NYSE: EMN) hit a 52-week high in August, I felt like it was just the beginning. Since then, Eastman’s shares are up more than 10%, making gains on solid numbers and raising full-year outlook.

    So what’s fueling the optimism; and more importantly, will it be sustained? I’ve more »

  • This Chemical Company is Good for Income Investors

    By Anh HOANG - October 31, 2012 | Tickers: BASFY.PK, CE, EMN

    Most of the time, George Eastman is well known for being an innovator of roll film and a founder of Eastman Kodak. For a long time, Eastman Kodak had been an extremely successful wealth creator for investors. However, after a digital camera was invented, Kodak lost its moat and nearly sunk into oblivion. In contrast to the significant decline of Kodak, another legacy of George Eastman, Eastman Chemical (NYSE: EMNmore »)

  • A Board Member Bought Air Products & Chemicals

    By Meena Krishnamsetty - October 27, 2012 | Tickers: APD, ARG, EMN, FMC, PX

    Lawrence Smith, who serves on the Board of Directors at Air Products & Chemicals ), bought 5,000 shares of the company on October 23 at an average price of $77.36. This roughly doubled Smith’s direct holdings of the stock. Perhaps unsurprisingly, Air Products & Chemicals’ product offerings include gases such as oxygen, helium, and specialty gases, as well as a variety of performance chemicals. Its market capitalization is about $16 more »

  • Is DuPont a Good Stock to Buy?

    By Meena Krishnamsetty - October 17, 2012 | Tickers: APD, DD, EMN, FMC, DOW

    Diversified company DuPont (NYSE: DD) is best known for its performance chemicals and other materials that are used for industrial purposes, but it also provides seeds and a variety of biological chemicals to agriculture and food customers. DuPont’s sales were up 7% in the second quarter compared to a year earlier. Higher sales in agriculture, biosciences, and nutrition made up for small declines in many other segments. This was more »

  • This Chemical Stock Is on a Roll – Don’t Miss It

    By Neha Chamaria - August 28, 2012 | Tickers: CE, DD, EMN, HUN, DOW

    I always find a 52-week high or a 52-week low situation interesting. While most perceive it to be an almost certain sell or buy time, respectively, I think it throws up an opportunity to see if the particular stock truly deserves to be where it is, and what’s next.

    I have been watching Eastman Chemical’s (NYSE: EMN) run up closely. The stock has gained a whopping 41% in more »

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