NL Industries, Inc. (NYSE:NL)
A holding company which operates in the component products industry through its majority-owned subsidiary, CompX International Inc. The Company operates in the chemicals industry through its non-controlling interest in Kronos Worldwide, Inc.
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I have been holding this for some time and waiting for the rebound, I had a green thumb that limited out before I could change it, so I am back on it again...
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Its a holding co, one of its 2 main holding stopped dividends. Its borrowing money from the companies it holds. Its part of a mess of ownership with loans and buying of each other's stock on all sides, its too easy to overstate earnings like that. Avoid it.
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Great buy between $6.60-$7.00
We could see $10+ next quarter.
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The law suit in R.I was won, and the Columbus dropped its suit. This is a short term play
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Rhode Island Supreme Court expected to rule on lead paint litigation in July. Lower court's decision should be overturned which will send stock higher.
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Lawsuits will bankrupt the company. The Rhode Island lawsuit alone is $16.46 per share of NL if divided evenly between the three companies where NLs book value per share is only $5.11.
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legal troubles up the you know what....jim cramer steered us wrong on this one over a year ago
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You'll need more than penicillin to cure the hurt from buying this one.
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