DOW
Dow Chemical Co.
Industrial/Transportation, Event Driven/Special Sit
07/10/2014
Presented
| Date | 07/08/2014 |
| Price | $50.99 |
| Market Cap | $61.40B |
| Ent Value | $80.18B |
| P/E Ratio | 17.03x |
| Book Value | $15.92 |
| Div Yield | 3.4% |
| Shares O/S | 1,204.06M |
| Ave Daily Vol | 7,730,000 |
| Short Int | 1.59% |
Current
| Price | $52.57 |
| Market Cap | $36.85B |
| The Dow Chemical Company manufactures and supplies chemical products for use as raw materials in the manufacture of customer products and services worldwide. The Electronic and Functional Materials segment produces materials for chemical mechanical planarization; materials used in the production of electronic displays, including films and filters; metalorganic precursors for light-emitting diodes; organic light-emitting diode materials; materials used in the fabrication of printed circuit boards; integrated metallization processes for metal finishing and decorative applications; semiconductor design products; and materials for industrial applications. The Coatings and Infrastructure Solutions segment provides insulation, air sealing and weatherization products and systems, construction chemical solutions, building-integrated photovoltaics, water resistance and lower systems; purification and separation technologies; and acrylates, methacrylates, and vinyl acetate monomers. The Agricultural Sciences segment offers crop protection and plant biotechnology products, urban pest management solutions, seeds, traits, and oils. The Performance Materials segment produces amines; chlorinated organics; materials for automotive systems, formulated systems, and oil and gas, and mining industrial applications; plastic additives; epoxies; oxygenated solvents; polyglycols, surfactants, and fluids; polyurethanes; and propylene oxide/glycol. The Performance Plastics segment offers elastomers; wire and cable insulation, semiconductive and jacketing compound solutions, and bio-based plasticizers; and acrylics, polyethylene, polyethylene, polyolefin emulsions, and polyolefin plastomers. The Feedstocks and Energy segment provides ethylene, chlorine, caustic soda, and purified ethylene oxide. The Dow Chemical Company was founded in 1897 and is headquartered in Midland, Michigan. |
Publicly traded companies mentioned herein: The Dow Chemical Company (DOW), Syngenta AG (SYT)
Highlights
The presenter is long shares of The Dow Chemical Company (DOW), and characterized his investment as “a giant global GDP bet on a mismanaged company.” He is constructive on the global economy, and acknowledged the risk of DOW shares underperforming if the recovery stalls and/ or there is a contraction. However, if global GDP, inflation, etc. improve, then DOW’s businesses will perform better. In addition, he likes the potential catalysts associated with Dan Loeb’s activist stake in Dow (valued at over $1 billion) and pressure on Chairman and CEO Andrew Liveris.
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