When Buffett tookover Lubrizol, specialty chemicals got a boost. Today's Eastman Chemical's acquisition makes CE as a target. If coal-to-ethanol technology is proven promising, big players could be chasing CE which sells so cheap at the moment. With $5.75 EPS for 2013, CE could be easily bought for $75 or for $10 bi+.
That is a solid point. CE is poorly managed and the market value has been depressed because of it. CEO is pushed out, and gambling on coal. You would believe that private equity or a chemical company with a solid management team could take over and capture the value in CE