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A manufacturer concentrated in three business segments: Chlor Alkali Products, Metals, and Winchester.
Now that the Chinese stock market is in tune again with New York and that it is going down, oil and metals won't be able to keep moving higher.
And what exactly does OLN produce?They sold their metals division last year. Their remaining divisions sell chemicals and ammunition. Metal is an input cost to the Winchester division, but it is such a tiny part of OLN it is hardly significant.
Oh, and to clarify on the chemicals, I mean they make Chlorine, Bleach, and Caustic soda, which is all derived from salt, not petroleum like much of Dow Chemical's products.
OLN's 5 year chart makes it hard to hate this company. Their people know what they are doing and they do it well.
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