Ashlands stock is less than 1/2 of its all time low. Its nearly 10 times down from its 52 week high. Its priced for bankruptcy. The reason for the sla…more
Ashlands stock is less than 1/2 of its all time low. Its nearly 10 times down from its 52 week high. Its priced for bankruptcy. The reason for the slaughter is the debt related to their purchase of hercules chemical last fall. Like every company with significant levereage right now, Ashlands stock is slaughtered.
But their outlook isn't bad. The chemical industry has, at least in parts, and of course this is my view and not material fact, seen the worst in Q4 2008/Q1 2009. This is because inv… More
Ashlands stock is less than 1/2 of its all time low. Its nearly 10 times down from its 52 week high. Its slaughtered. The reason for the slaughter is the debt related to their purchase of hercules chemical last fall. Like every company with significant levereage right now, Ashlands stock is slaughtered.
But their outlook isn't bad. The chemical industry has, at least in parts, seen the worst in Q4 2008. This is because inventories in Q4 2008 have dropped alot everywhere as people work t… More
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But their outlook isn't bad. The chemical industry has, at least in parts, and of course this is my view and not material fact, seen the worst in Q4 2008/Q1 2009. This is because inv… More
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But their outlook isn't bad. The chemical industry has, at least in parts, seen the worst in Q4 2008. This is because inventories in Q4 2008 have dropped alot everywhere as people work t… More
Comments: 1 | Comment