GRA
W.R. Grace & Co.
Industrial/Transportation
11/06/2014
Presented
| Date | 10/29/2014 |
| Price | $76.63 |
| Market Cap | $6.89B |
| Ent Value | $8.33B |
| P/E Ratio | 27.53x |
| Book Value | $4.98 |
| Div Yield | N/A |
| Shares O/S | 74.21M |
| Ave Daily Vol | 610,000 |
| Short Int | 2.30% |
Current
| Price | $69.99 |
| Market Cap | $4.67B |
| W. R. Grace & Co. produces and sells specialty chemicals and materials worldwide. It operates in three segments: Grace Catalysts Technologies, Grace Materials Technologies, and Grace Construction Products. The Grace Catalysts Technologies segment provides fluid catalytic cracking (FCC) catalysts for the production of transportation fuels, including gasoline and diesel fuels, and other petroleum-based products; FCC additives; hydro processing catalysts used in process reactors to upgrade heavy oils into lighter; polyolefin catalysts and catalyst supports for the production of polypropylene and polyethylene thermoplastic resins; and chemical catalysts used in various industrial, environmental, and consumer applications. The Grace Materials Technologies segment offers silica-based and silica-alumina-based engineered materials used in coatings and print media, consumer, and industrial applications, as well as pharmaceutical, life science, and related applications; and packaging materials, such as can and closure sealants, coatings for cans and closures, and scavenging technologies. The Grace Construction Products segment offers specialty construction chemicals comprising concrete admixtures and polymeric fibers; additives used in cement processing; and products for architectural concrete consisting of surface retarders, coatings, pigments, and release agents; admixtures for masonry concrete; and process control solutions for ready mix concrete. This segment also provides specialty building materials for new construction and renovation/repair projects that include waterproofing membranes for commercial and residential buildings; specialty grouts for use in waterproofing and soil stabilization applications; air and vapor barriers; and other products for the preventative and repair applications. W. R. Grace & Co. was founded in 1854 and is headquartered in Columbia, Maryland. |
Please note, on February 03, 2016 GCP Applied Technologies Inc. (GCP) was spun off from W. R. Grace & Co. (GRA). Presented price has been adjusted to account for the split, but other presented data values and the idea text remains unchanged.
Presented by: Meridee Moore, Chief Investment Officer, Watershed Asset Management LLC at The Excellence in Investing: San Francisco conference
Publicly traded companies mentioned herein: W.R. Grace & Co (GRA)
Highlights
Ms. Moore is long shares of W.R. Grace (GRA) again (last time she participated in the conference she presented GRA as a long in 2011), and sees many similarities between then and now, but one major difference: GRA has emerged from bankruptcy. The specialty chemicals producer is the market leader (holds either the number one or two spot) in most of the chemicals it manufactures, and is well positioned to benefit from conservation and emerging markets (EM) trends. Moore believes the recent pull back to the $80s represents a buying opportunity as sensitivity to oil prices and hedge fund selling have been an overhang on the stock; overall, she thinks shares could trade up to the high $130s by the end of 2015.
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