This slide has two main causes. 1) CCC saying they don't have enough supply of AC to meet the growth in demand. That is fine - sales growth may not be above projections. The margin increases should counter that a little- perfect reason to raise prices. 2) A lot of the stocks that held up well while the broader market was going down are all coming into weakness.
Longer term this stock offers you noncyclical growth. Recession proof in my view. Just make sure they are able to secure supply of AC in the future.
break-out momentum or something else going on we have not heard about. I am not following CCC as closely, its become an autopilot long position. ( options aren't liquid enough to trade around a position)
Any ancillary news out there? EPA, competition, larger chemical companies buy-out rumors, Merc abatement contracts???? Or just break-out and relative strength getting momentum players involved?
this company and this industry will be one of the most necessery operations on earth time is running out for water look how much water is involved to obtain nat. gas,for example,in penn. there is concern.how many water rights has pickens and shell bought.tankers transport water,the earth is finite ccc is the recycler