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Olin Corp. Message Board

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  • dejpuj8 dejpuj8 Aug 20, 2012 8:47 PM Flag

    Insider sales

    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.

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    • 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.

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