CHMT
Chemtura Corporation
Industrial/Transportation
01/27/2014
Presented
| Date | 01/23/2014 |
| Price | $25.62 |
| Market Cap | $2.47B |
| Ent Value | $3.06B |
| P/E Ratio | 3.09x |
| Book Value | $14.69 |
| Div Yield | N/A |
| Shares O/S | 96.47M |
| Ave Daily Vol | 930,000 |
| Short Int | 2.04% |
Current
| Price | $0.52 |
| Market Cap | $2.12B |
| Chemtura Corporation, together with its subsidiaries, engages in the manufacture and sale of specialty chemical solutions and consumer products worldwide. Its Industrial Performance Products segment provides products, such as petroleum additives that provide detergency, friction modification, and corrosion protection in automotive and industrial lubricants and greases, synthetic finished lubricants, synthetic base-stocks and greases used in aviation, industrial, and refrigeration applications; castable urethane pre-polymers engineered to provide abrasion resistance and durability in industrial and recreational applications; and polyurethane dispersions and urethane pre-polymers used in various types of coatings, such as wood floor finishes, glass fiber coatings, and textile treatments. The company's Industrial Engineered Products segment offers catalyst components, surface treatments, flame retardants and a bromine based product line used as agricultural and pharmaceutical intermediates, completion fluids for oil and gas extraction, and mercury control products for coal fired power stations. Its Consumer Products segment provides recreational water purification products, such as sanitizers, algaecides, biocides, oxidizers, pH balancers, mineral balancers, and other specialty chemicals and accessories; and specialty and multi-purpose cleaners. The company's Chemtura AgroSolutions segment produces seed treatments, fungicides, miticides, insecticides, growth regulators, and herbicides. The company has a strategic alliance with Isagro S.p.A. It serves various industries, such as agriculture, automotive, building and construction, electronics, lubricants, packaging, plastics, pool and spa chemicals, and transportation. Chemtura Corporation was founded in 1900 and is headquartered in Philadelphia, Pennsylvania. |
Specialty chemicals producer Chemtura was reorganized under Chapter 11 back in 2008, re-emerging in 2010 as a hodgepodge of various disparate businesses. CEO Craig Rogerson led CHMT throughout the re-org and has since focused on streamlining the company, last year selling two businesses for about $800 million and using part of the proceeds to buy back stock. The presenter is approaching the investment as an event-driven opportunity now that the company has announced that it will be exploring strategic alternatives for its crown jewel agricultural solutions business.
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