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Ashland Inc. Message Board

  • bcmountaineer32 bcmountaineer32 Nov 14, 2008 9:53 AM Flag

    ASH's raw material cost WAY down!!!

    A lot of the chemicals that ASH and HRC manufacture are derived from petroleum.....Crude is down to about a third of what it was last quarter....this should help ASH's profitability over the coming quarters in their chemical divisions.

    Let us not forget that Valvoline's sales numbers went up nicely last quarter but the unrealistically high cost of crude last summer ate into Valvoline profits....now that crude is less than $60 barrel, Valvoline's profits will soar this next quarterly report.

    Add in fact that ASH has book value over $50 per share & paying over 5% dividend......ASH is a screaming BUY!!!

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