This is a company that just took a big gulp and is regurgitating the purchase of dow chlor. Many had to expect that it would take several quarters before ship righted itself. So buy more here. Its an opportunity that very rarely comes along in a value play.
I can see why you didn't answer me or post anything since this hideous earnings report. Sorry I listened to the pumpers of this stock, as it only caused me to lose a ton of money. Down 7% on a huge miss. Barchart can take their 96% Buy rating and stuff it. The analysts were right - $18 price target is the highest. Buying it at $22 was the biggest mistake I could have made. The chart will surely change the rest of the week, and this will be below, not above all the SMA's 200, 100, & 50.
No wonder DOW sold ithis part of their business off to this stodgy, old, tired company who doesn't know up from down. BAAAH!!
I'm a new owner, and have seen conflicting information on OLN. There are no analysts listed in Tip Ranks (contains most of the major analysts that have a price target above $18. Barchart has a 96% Strong Buy.
On this board, I found a lot of negativity. Since you are Bullish on the stock, and seem to have considerable knowledge of the stock, could you please give me your basic analysis of the stock? I do not understand your statements re: a deal closing in Oct. or later, or the $9.00 v $22.00 two years out reference. Ditto for RAD mgmt. selling out to Boots.
It seems like a very old company, with a history of spin-offs, splits, reverse splits.
It is not comforting that they give no time for earnings. Even calling Investor Relations, I got the manager's assistant, and she said, "In the next hour or two" and that was prior to 4 pm EST. Then I called again about 5:20pm, and she tells me that they are finalizing figures (!), and earnings should be out in the next hour or so.
Here I sit at 5:33 EST, and NOTHING. None of this leaves me with any
It does not matter if the deal closes in October, as planned, or fall through... $9.00 v $22.00 about two years out... Look at the year over year profit growth...percentage wise... on last financial statement. RAD management is selling out...to Boots, because the big institutional holders wouldn't approve their bonus plan in last proxy vote...
Sentiment: Strong Buy
If so many overpaid, then why does this stock continue to rise, and is above 50,100, & 200 day SMA, and why do so many consider it a buy? This is a unique company, and it is involved in chemicals and more. This is the material sector, which has been a beaten-down sector, and is now going on an upswing.
Don't expect DOW to buy out OLN. That would amount to buying back the chlor-alkali business which DOW sold to OLN. DOW no longer wanted to be in that product line.
DOW owns 51% of OLN because DOW took payment in OLN stock.
If anything, you should expect that DOW will sell off their stake in OLN at some future point in time. Just hope that DOW does not do so by placing a market order to SELL in one big chunk.
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I have a few shares at a little over $15 and have nearly 40% gain. Not real sure who's buying but the volume has been strong lately and I will not look a gift horse in the mouth. I will not put any stops in and am hoping for a continued run. It was at $30 last year! It would seem that with the DOW deal, things are even better going forward. With that in mind, I want to be long in this stock, at least until the story changes and that will take some time to play out. GLTA
I bought 1k shares @ 14.12 I'm up 50% which is almost 9 years worth of divies. I guess I should put in some stop loss orders on but I hate them because of Crocked MMs will harvest them.