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Westlake Chemical Corp. Message Board

  • shortofaname_99 shortofaname_99 Feb 21, 2012 9:36 AM Flag

    Missed EPS, fair value $40

    Stock at 20x FCF with declining earnings, struggling to make an acquisition. Disaster in the making.

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    • Based on comparing WLK to other plastic companies integrating into building products and plastic profiles, teh extrusion business is probably losing a lot of the money Westlake is making. Buying GGC gives them the volumes of PVC and a better-performing extrusion arm (relatively speaking of course because building products' EBITDA is unimpressive). If I did not know any better I would guess Westlake wants to buy GGC, spin off the extrusion to a "new" company and then set up a multi-year ingredient supply deal. Things that make ya go Hmmmmmm.

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