Westlake Chemical Corp (NYSE:WLK)
The Company is a vertically integrated manufacturer and marketer of basic chemicals, vinyls, polymers and fabricated products.
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Excellent chemical product manufacturer which is well placed to expand its businesses and its margins.
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WLK has a very high short interest (over 20%!)
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benefit from low NG prices
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long watchlist
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valueline rank = 1
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It may move around, but in the end this one sinks/stinks.
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Below book value. Very limited risk. OK earnings history - well worth a try.
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Poor conditions in NA for construction ... regulation of PVC in consumer products will put huge amounts of unused capacity on the market.
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price below sector and industry, efficiency and cash above sector and industry.
close to 52wk low.
institution ownership is healthy 40% and increasing
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