Selling at a 20% discount to DOW and DD and better financials. Low capex allows for big dividends and buybacks. Announced buyback of 10% of company. Really yields 7.6% as they have paid big extras in each of last 2 years. Apollo et.al are PE firms that must sell to collect the 20% carried interest. They will be out of the way soon. Would not be surprised to see DD buy LYD as similar biz and sinergies. Cash Flow $3B, capex $1B, stock buybacks and div. $2B. Low gas prices allow big world arb on poly products. Well diversified with refinery and chemical plants.