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Ashland knows the global rebound is up ahead

Posted May 3rd 2009 3:30PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

Just call Ashland a specialist at mixing things. Ashland (NYSE: ASH) makes specialty resins, polymers, and adhesives for sale in North America and Europe. It also owns the Valvoline oil brand and oil service chain, and the Zerex anti-freeze brand, among other business operations.

In Q1, Ashland exceeded the First Call EPS estimate, despite sluggish-to-poor demand conditions that saw volumes decline 10-40%. Further, the integration of acquired Hercules Inc. has gone well, with more than $60 million in operational savings registered as of the close of Q1. The First Call F2009 / F2010 EPS estimates for ASH are $1.52 / $1.95.

Continue reading Ashland knows the global rebound is up ahead

GE after the bell 07/27/06: GE adds new resins to plastics division

Posted Jul 27th 2006 8:13PM by Tobias Buckell (RSS feed)
Filed under: After the Bell, Press Releases, Products and Services, Industry, Competitive Strategy, General Electric (GE), Marketing and Advertising

GE ended the day down 3 cents at $32.65. Not much of a movement for the large corporation. Today saw GE adding two new resins to its plastics division.

In order to beef up its plastics appeal, a division that GE is struggling with according to the last earnings report they gave, this new resin was developed as part of its ecomagination initiative. The resins are made from 85% recycled plastic waste and don't release as much carbon dioxide into the air as they are being manufactured.

It's interesting to see how deep GE's ecomagination initiative goes, all the way down to building materials. One hopes GE's marketing these materials in a more eco-conscious age can give the plastics division a bit of an edge, although it is still easier to point to a wind turbine and say ecomagination than it does to a resin.