Based on a formula at Extreme Value Stocks fairvalue is at 47.45
And today it's trading at 75...
Selling off Coatings, Resins business. Nice chunk of cash. Perhaps CYT will use it for something interesting? Or somebody else?
The business seems to be prospering, growing. But that can't explain fully the rise. Just wondering.
Why does CYT so often go up in the early part of the day and then sink by closing? Much too volatile. Is there any more upside?
agree; just traded in 2k CYT for 3k DD which looks somewhat undervalued here and is a superior company.