ASH
Ashland Inc.
Industrial/Transportation
07/10/2014
Presented
| Date | 07/08/2014 |
| Price | $108.34 |
| Market Cap | $8.44B |
| Ent Value | $11.30B |
| P/E Ratio | 61.68x |
| Book Value | $48.00 |
| Div Yield | 1% |
| Shares O/S | 77.93M |
| Ave Daily Vol | 600,000 |
| Short Int | 0.85% |
Current
| Price | $86.99 |
| Market Cap | $4.25B |
| Ashland Inc. operates as a specialty chemicals company worldwide. The company operates through four segments: Ashland Specialty Ingredients, Ashland Water Technologies, Ashland Performance Materials, and Ashland Consumer Markets. The Ashland Specialty Ingredients segment provides products, technologies, and resources for solving formulation and product-performance challenges in personal and home care, pharmaceutical, food and beverage, coatings, construction, energy, and other industries. It offers solutions using natural, synthetic, and semisynthetic polymers derived from plant and seed extract, cellulose ethers, and vinyl pyrrolidones for consumer and industrial applications. The Ashland Water Technologies segment supplies specialty chemicals to the pulp, paper, mining, food and beverage, power generation, refining, chemical processing, general manufacturing, and municipal markets. The Ashland Performance Materials offers composite resins, water-based and energy-curable coatings, pressure-sensitive adhesives, and elastomers that are used in the construction, transportation, infrastructure, boatbuilding, and packaging and converting markets. This segment also provides metal casting consumables and design services for foundry management; and styrene butadiene rubber primarily to the tire market. The Ashland Consumer Markets segment delivers automotive, commercial, and industrial lubricants; automotive chemicals; and car-care products. This segment markets Valvoline lubricants; MaxLife lubricants for cars; NextGen motor oil; SynPower synthetic motor oil; Eagle One and Car Brite automotive appearance products; and Zerex antifreeze. It operates and franchises approximately 900 Valvoline Instant Oil Change centers in the United States. The company was founded in 1924 and is headquartered in Covington, Kentucky. |
Publicly traded companies mentioned herein: Ashland Inc (ASH)
Highlights
The presenter is long shares of chemical maker Ashland (ASH) and believes the set up is favorable as a number of potential catalysts could play out over the back half of 2014. The stock presently has very little in the way of long-only sponsorship, and if the company can beat this quarter “the bear case on specialty ingredients would be essentially nullified,” in his opinion.
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