Tom A's Stock Picks

Buying More OLN

Rating: 1.00 not yet rated(2 votes)    Vote:

You are logged in as | Logout

Placed a market order for 2,000 OLN

The stock was down about 8% from my first buy. OLN reported its 2nd quarter on 7/26, .48/share, above guidance. Of the three segments, Metals showed better earnings and Winchester has the .50 caliber contract from the US government. Chlor-ALkali had earnings of 55.3 million vs. 67.2 in the 2nd qrtr of 2006, better than I was expecting. I updated my worksheet. Because the last two quarters were better than management's guidance, I marked the current guidance up accordingly and used it in my projections.

This brings my position up to 70% of my maximum for this stock. I will plan to put off buying the last increment until the PONR acquisition is completed.