OMNOVA Solutions, Inc. (NYSE:OMN)
CAPS Rating:
The Company is an innovator of emulsion polymers and specialty chemicals, decorative and functional surfaces and single-ply roofing systems for a variety of commercial, industrial and residential end uses.
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10,000
Omnova reports 11.1% increases in sales over Q4 '06 amid the tumbling housing sector, minimalizing outstanding debt and their international expansion into China and Thailand makes this a solid company. What is interesting to me is that the stock price dipped below their 10 week moving average has bottomed and is approaching that mark again, many analyst would say this is a good time to buy and I agree. I anticipate this stock will increase two to three fold through Q2 of 2009.