Chemical (basic) industry
Article Abstract:
Increased capacity has made earnings forecasts cloudy for the basic chemical industry in the latter half of 1997, although the first two quarters were favorable for the industry. The product mix for each company is the basis for earnings, and pricing pressures for 1997 and 1998 will by on those which are most dependent on commodity products. Capacity and competition will make chemical pricing difficult, but several stocks have investment potential.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1997
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Chemical (basic) industry
Article Abstract:
Earnings for the chemical industry held up well for the 4th qtr of 1997, although industrywide profit performance van vary according to a company's product mix. There are a number of chemical products where pricing will be under pressure in 1998, but others, such as chlorine, will do well, and the US economic cycle is is expected to slow, also. However, investors will find several good stocks for 1998, despite chemical industry bearishness.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1998
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Chemical (basic) industry
Article Abstract:
The basic chemical industry is expected to continue to be profitable through the 3rd qtr 1997, although most commodity chemical firms are not expected to do well. However, commodity chemical firms have gained in operating margins because of lower feedstock prices. Although this group of company stocks is not recommended during Oct 1997, investors who want to pursue such investments would be wise to diversify within the sector.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1997
User Contributions:
Comment about this article or add new information about this topic: