|
OLIN
Jan 9, 2020 1:38:51 GMT -5
Post by CardsFan on Jan 9, 2020 1:38:51 GMT -5
Awhile back, I seem to recall someone on the board mentioning an interest in OLN. (Spok perhaps?) I also seem to recall several of the Fast Money traders thinking that this was a contrarian play that could lead to an easy double or triple once tariff wars shook out. Has anyone been tracking this stock of late? Or have any thoughts about the name? It hasn't done much since I put it on my watch list a year ago, but that also has me thinking I'm glad I didn't buy it last year, yet have become more interested in maybe building a small position this year, given it's hefty yield seems secure.
|
|
|
OLIN
May 5, 2021 19:27:42 GMT -5
via mobile
Post by pyromancer157 on May 5, 2021 19:27:42 GMT -5
Awhile back, I seem to recall someone on the board mentioning an interest in OLN. (Spok perhaps?) I also seem to recall several of the Fast Money traders thinking that this was a contrarian play that could lead to an easy double or triple once tariff wars shook out. Has anyone been tracking this stock of late? Or have any thoughts about the name? It hasn't done much since I put it on my watch list a year ago, but that also has me thinking I'm glad I didn't buy it last year, yet have become more interested in maybe building a small position this year, given it's hefty yield seems secure. Possibly me? I'm a big fan of Olin. Especially when the dividend yield is closer to 4% than it is now. Something like 330 consecutive dividends from this company. They make bleach, caustic soda, epoxy, and ammo-through Winchester, and recently the Lake City ammo plant which provides bullets to the US military. Monster strong chart over the last year. Chemicals, building materials, paper goods (shipping boxes) and ammo have done ridiculously good. One of my favorites. I buy it on every large drop.
|
|
|
OLIN
May 6, 2021 0:09:07 GMT -5
Post by CardsFan on May 6, 2021 0:09:07 GMT -5
Pyro,
i boight it at its bottom and sold it after it doubled. Too soon it turns out. I’ve been making good money on commodities lately, especially lumber and steel, and I’m thinking about getting back into Olin.
all the pipeline mlps I own are moving higher and look like they are set up well long term. Lumber companies have reported they don’t see things changing for at least foreseeable future. It’s gettting harder to find any beaten down commodity names, outside mlp space. I never did buy any Chesapeake but I did add some Cabot Oil and Gas when it tanked.
Olin is set up well. It’s not just Winchester firing on all cylinders, but it finally paid off much of the debt that had been its major overhang after DOW acquisition. Chlorine is on a bull run as well
|
|
|
OLIN
May 6, 2021 3:56:55 GMT -5
via mobile
Post by pyromancer157 on May 6, 2021 3:56:55 GMT -5
Ry,
Yeah I was surprised Olin (a kindof stodgy old school chemical/ammo play) took out its all time high recently. Its mostly the tech/covid/growth plays that have done that. Take a look at the 1 year chart sometime. Powerful stuff-enough tiny pullbacks for support, but it marches ever upward. My next cash out points are $48 and $60.
On the most recent CC slides they discussed sales strategies that include: prioritizing sales to high margin customers/sectors vs low, and buying up chemical precursors. Almost as if they are trying to induce a squeeze in the bleach/caustic/epoxy market beyond what is naturally happening due to covid. A slide also displays a $100 internal PT. Odd stuff.
The contract to run the Lake City ammo plant will be hugely accretive to the Ammo side. Imagine being able to say you own stock in the Ammo factory for the US Army! The DOW acquisition 3-4 years ago was certainly a drag, but is paying off now. I think Olin is now the biggest chlorine producer in the country?
|
|
|
OLIN
May 12, 2021 0:58:24 GMT -5
Post by CardsFan on May 12, 2021 0:58:24 GMT -5
Ry, Yeah I was surprised Olin (a kindof stodgy old school chemical/ammo play) took out its all time high recently. Its mostly the tech/covid/growth plays that have done that. Take a look at the 1 year chart sometime. Powerful stuff-enough tiny pullbacks for support, but it marches ever upward. My next cash out points are $48 and $60. On the most recent CC slides they discussed sales strategies that include: prioritizing sales to high margin customers/sectors vs low, and buying up chemical precursors. Almost as if they are trying to induce a squeeze in the bleach/caustic/epoxy market beyond what is naturally happening due to covid. A slide also displays a $100 internal PT. Odd stuff. The contract to run the Lake City ammo plant will be hugely accretive to the Ammo side. Imagine being able to say you own stock in the Ammo factory for the US Army! The DOW acquisition 3-4 years ago was certainly a drag, but is paying off now. I think Olin is now the biggest chlorine producer in the country? If you want a unique ammo play, check out Poww
|
|
|
OLIN
May 12, 2021 2:09:15 GMT -5
via mobile
Post by pyromancer157 on May 12, 2021 2:09:15 GMT -5
I've been in POWW and VSTO for awhile. POWW is growing quickly,and is apparently willing to take on the risk of expanding their factories in the near future. We will see if their strategy pans out when this ammo/gun drought ends and the inevitable over supply happens. Though due to many factors that could be awhile. Their gun-broker acquisition was an interesting move-the company seems more tech savvy than most in their field.
I've never used POWW stuff, but have shot many of VSTO brands (cci. Blazer, American eagle, Independence, federal, Speer, etc). Im a recreational shooter/occasional match shooter, with a round count of 5-10k a year. So owning ammo/gun stocks helps me pay for my habit!
|
|