Im checking in from Minnesota. Markets going down, down, Seh going down, down, ???? Never will figure this market out. They make plastics from oil, right. Then theres lots of cheap oil, right. Spartech is a very good company, right. Explain why Spartech is getting hammer down? Buying Spartech maybe a good thing. Spartech doesnt sell that much to Asia folks??? Been a good summer in the land of 10,000 taxes, except for people in St Peter, Mn. Tornado hit them real hard this summer.
It very well could be guilt by association with M.A. Hanna. Of course, it would be an unfair comparison since Hanna has announced an earnings shortfall, layoffs and other troubles. As long as Spartech continues to put good numbers on the board, their future should continue to be bright. However, the short term stock action is anyone's guess. It will be interesting to see the market's response when third quarter results are announced.
The company is competing head to toe with compounders like MA Hanna. They are all down hill now. The trend is still sliding and nowhere we see a sign of stop. Is this stock a guilt by association or simply market re-evaluating the value??
The short-term movement in any individual stock can be a random, illogical dance that no one with a rational mind can accurately interpret on a regular basis.
This company is well-managed, seemingly undervalued, and has a growth rate that is impressive due to acquisitions and internal sales. A long-term position should be well rewarded if you have the patience to survive the current mess at home and the overseas troubles. Best of luck.
Look at the news. 70% greater back log than last year. The CEO said earnings will be higher than expected. Stock is down again today. Whats up??? I guess the market drags down the good companys like SEH also. This stock is a buy. Leonard where are you???? Buying more for my Roth IRA so the jerks in Washington, and St. Paul dont get any more of my gains. Buy. Look at CAGI ???? Little stock with a lot of gain. MAYBE???
Looking at this as an entry point - very impressive new technology, lots of applications. Two quetions maybe you can help me with...according to Hoover's 15% of income is derived from Canada. With Canadian currency slipping against the dollar, could this cause a significant problem? 2.) In your opinio has the company adequately covered the legal requirements to protect the newly announced technology? Patents etc. in place? Thanks.