Westlake Chemical Corp

  • This Undervalued Company Is Benefiting From Multiple Drivers

    By Mark Lin - July 11, 2013 | Tickers: AXLL, DOW, WLK

    Thematic investing, betting on one single trend materializing, is inherently risky, because the future could always turn out very different from what we initially anticipated. Instead, I like to focus on undervalued companies benefiting from multiple drivers. 

    Chlor-alkali products such as caustic soda accounted for about 60% of its 2012 revenues, while building products and aromatics contributed the remaining revenues for Axiall (NYSE: AXLL). Among the world’s largest producers more »

  • Have the Shale Gas Benefits Been Factored Into the Chemical Space?

    By Zain Abbas - July 10, 2013 | Tickers: LYB, DOW, WLK

    Sluggish growth in non-residential construction markets and a weak European economy have compelled chemical businesses to rely on cost-cutting measures to improve the bottom line (rather than revenue-enhancement measures). Moreover, the shale-gas boom has also helped these companies to reduce the costs of production through cheaper raw materials.

    However, lately, many investors have perceived that probable improvements from cost-cutting measures have already been baked in the stock prices. Hence, the more »

  • Passport Doesn't Pass Up an Opportunity

    By Marshall Hargrave - May 24, 2013 | Tickers: MHFI, WLK, YELP

    Passport Capital is a San Francisco-based global investment firm founded by John Burbank in 2000. Passport takes a strategy that focuses on major global themes, driven by macroeconomic analysis and fundamental research. Outlined below are a few stocks that Passport was buying up during the first quarter (check out Passport's portfolio).
    The hedge fund was not passing up any opportunities during the first quarter; the fund added a number more »
  • An Investment Opportunity From A Reverse Morris Trust Deal

    By Anh HOANG - March 1, 2013 | Tickers: AXLL, PPG, WLK

    Recently, PPG Industries (NYSE: PPG) spun off its commodity chemicals business and merged it with Georgia Gulf Corporation for around $2.1 billion. Afterwards, Georgia Gulf changed its name to Axiall Corp (NYSE: AXLL). In order to create a tax-efficient deal for its shareholders, PPG has used Reserve Morris Trust transaction in this spinoff. Let’s look closer to get a better understanding about this deal and to see whether more »

  • A Senior VP Bought Shares of This Chemicals Company

    By Meena Krishnamsetty - February 20, 2013 | Tickers: LYB, PPG, SIAL, VAL, WLK

    George Miller, who serves as a senior vice president at $9.3 billion market cap chemicals and chemical equipment company Sigma-Aldrich (NASDAQ: SIAL), bought 1,000 shares of the stock on Feb. 15 at an average price of $76.92 per share according to a Form 4 filed with the SEC. It’s normally not rational for an insider to buy more shares of their company’s stock, so we more »

  • Four Analyst Upgrades Worth Noting

    By Brian Nichols - February 11, 2013 | Tickers: ATVI, ALU, MUX, WLK

    Sometimes an analyst issues a revised outlook or changes his/her rating, but does not inform investors of the reasons behind the call. These typically move stocks on the call alone; the price target and outlook. However, some analysts provide detailed reasons behind the call; these are the outlooks that should be noted and used as part of your fundamental research. Therefore, I am taking a look at such outlooks more »

  • The Small-Cap King’s Five Best Stock Picks

    By Meena Krishnamsetty - January 29, 2013 | Tickers: LECO, RS, TER, BKE, WLK

    In the financial universe, large-caps receive the most focus from investors, which often leaves their smaller peers less efficiently priced. Expectedly, hedge funds seek to take advantage of this phenomenon by dedicating their research teams to work on the market’s lesser-known companies.

    Interestingly, our analysis at Insider Monkey shows that the most popular small-cap stocks among hedge funds can earn about 120 basis points of alpha per month. Best more »

  • Strange Deal Creating a Good Return for Shareholders

    By Mike Thiessen - January 29, 2013 | Tickers: AXLL, PPG, WLK

    Note: This post originally indicated PPG would make a special dividend payment to shareholders. That is not the case. It has been corrected.

    In mid-July of 2012, Pittsburgh-based PPG Industries (NYSE: PPG) announced its intention to spin off its "commodity chemicals" arm and merge the newly-formed company with Atlanta-based Georgia Gulf Corp. (NYSE: AXLL) in a deal valued at over $2 billion. The complex deal's terms involve a tender more »

  • Special Dividends Can Be Especially Destructive

    By Maxxwell A.R. Chatsko - December 3, 2012 | Tickers: COST, DDS, LVS, WMT, WLK | Editor's Choice

    The Bush Tax Cuts, which began in 2003, are due to expire at the end of 2012. It’s not really as apocalyptic as the mainstream media makes it sound; several taxes are simply returning to pre-2003 levels (Reminder: investors with sound strategies still made money before 2003). That hasn’t given pause to the 173 companies that are offering special dividends to shareholders (up 137% from 4Q11). You have more »

  • 2 Stocks to Buy as Fracking Leads to Cheap Ethylene

    By Bill Edson - October 25, 2012 | Tickers: DD, LYB, DOW, MOS, WLK

    Fracking (hydraulic fracturing) has helped drive the price of methane (natural gas) and ethane down. Since ethane can be heated under pressure to synthesize ethylene, fracking leads to cheaper ethylene, too. Ethylene is a fundamental and widely-used chemical feedstock, which means that fracking leads to cheaper carbon-based chemical products.

    When all is said and done, it is likely that fracking will lead to cheaper chemical feedstock prices and higher gross more »

  • 5 Likely Takeover Target in Chemicals

    By Michael French - January 28, 2012 | Tickers: AXLL, CE, CF, EMN, FMC, HUN, ROC 130817C00060000, SOA.DL, WLK

    Eastman Chemical (NYSE: EMN) just announced the $4.7 billion purchase of Solutia (UNKNOWN: SOA.DL), which makes performance and nylon products used by automotive and architectural customers. The deal is expected to expanding Eastman Chemical’s specialty plastics and wood applications businesses and give it increased exposure to emerging markets.

    The friendly deal follows a $1.03 billion hostile bid by Westlake Chemical (NYSE: WLK) for Georgia Gulf (NYSE: AXLLmore »)