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Ashland Inc. Message Board

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  • bcmountaineer32 bcmountaineer32 Dec 20, 2006 4:31 PM Flag

    What is up?

    For what it is worth, I sold most of my ASH stock today at a little over $70 (but really it is like $80 a share since ASH just gave holders a payout of over $10 a share a month, today's $70 price is really like $80 a share.

    I bought my ASH when it was about $25 a share and that wasn't that long ago....the recent run up seems very weird to me.

    If ASH gets back down to around $50 a share, I will likely jump back in.

    ONly My opinion.

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    • While I appreciate you selling at 70 (I have some sell orders in at 72), there's nothing that would suggest this company will lose 30% of its market cap at this point, especially after reading the release on Friday. The reality is that OB is all about unlocking value at this point, regardless of what gets detached from the Ashland parent, which is exactly what he should do for the owners of Ashland Inc.

      The earlier statement that 'sales ain't that good' (must have been a West Virginian with that fabulous grammatical approach) and thus layoffs are taking place is completely erroneous. OB isn't going to dump people based on seasonality or slower sales. The reality is that this 'blob' had accumulated so much G&A that he rightfully needs to lessen the support function as the company is 'right sized' or the value is unlocked and companies are detached.

      Secondarily, he has some good things to sell and unlock: Valvoline being one of them. I'm proud of the brand we built there, but it needs a vertical parent. It can't buy open market base supplies and compete with the other players in the category - all part of a vertical supplying parent. So he has a great brand which no longer fits. He's going to polish companies like this and sell them to unlock the value which has been building for years. Merchant brands like Valvoline would be hugely beneficial to another company and are worth more to these companies than to Ashland.

      Again, love where the stock price is and personally feel there's another $20 there in total. I'm going to sell off enroute to that supposition. JMHO.

      Hope everybody had a great Christmas. Anybody know who won the Hartland Homeowners Association Christmas Light competition?


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