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Celanese Corporation Message Board

  • sm081969 sm081969 Jul 27, 2012 7:30 PM Flag

    CE stock performance very poor

    Since April or so, CE has steadily declined from 50 to 30's and having hard time going up, even with the overall market going up. This sluggishness in the face of reasonably good earning report (exceeds on EPS but miss tiny bit on revenue) is hard to understand. Is it that too much debt on the books is scaring away big players? I wish CE management will give top priority to reducing debt and making balancesheet more attractive and also rewarding shareholders with healthy increase in dividends, which will demonstrate confidence in the company's future.

    Low valuation and low stock price would normally invite corporate raiders such as Carl Ichan, but I suppose leveraged balance sheet is keeping them away.

    CE should enjoy S&P500 PE and as such the stock should be at least in 50's if not around 60.

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