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The Dow Chemical Company Message Board

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  • ssam ssam Apr 29, 1999 12:32 PM Flag

    Dow Chemical Stretching Out

    Dow is over valued at this price.
    I am looking
    at a 10%~15% correction in about 2 weeks.
    It is
    not a secret that Dow's stock will go down after
    every share meeting (this year it is may
    8th?).
    Currently, Dow has holding well in Chlorine business. But
    Caustic
    price is still downward, which can be a headache for
    Dow since they need to get rid of Caustic in any
    possible way to the market.
    Polymer side, the market
    absorbed a little price hike, but the ethlene and oil
    price hike will make it un-practical to get higher
    margin. With large capacity come in 2000 by Carbide
    and
    other producers, Don't expect any economic improvement
    will help
    Dow until year 2002.

    Anyway, if
    these two will not make significant change, Dow's
    earning will stay same or lower. It make no sense for a
    p/E of over 20.... SO u figure it out -: ) Sooner or
    later, the institution will realize that they are buying
    a utility -:)

 
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