I would imagine this has less to do with the contracts you mention and the prospects for OLN, and more to do with the current market,economy, and general uncertainty. Market volume recently has been low and folks are taking money off the table by leaving equities and finding more conservative investments. I agree that OLN prospects are good, but I would be very surprised if current OLN stock price could withstand a significant market correction. Those insiders probably have plenty more shares to sell if the contract comes through and the stock price appreciates, and they are managing risk. JMO
I hope so. They wouldn't be selling right now for tax reasons. I am just worried because there is a billion dollar Lake City bid that will be awarded next month. Hence waiting one month to see a quick pop on that Lake City contract is a no brainer. Hate to say, but I am going to start thinning my position. I have a feeling that Alliant might maintain that Lake City Plant.
I tend to agree with you on Lake City but as I have looked at OLN I never counted that into my projections anyway. Future earnings look just fine without that contract and they are still seeing cost reductions at Winchester and more revenue on the clhor-alkali side. If they do not get the contract the stock may pull back but not much unless the overall market weakens. If we get below $20 I will buy more.