So, I know I cautioned about materials stocks late-cycle a few posts back, but does anyone have any insight into what is going on with LYB? Trading at close to multi-year lows, 6.8 trailing P/E, record 4.6% yield, BBB+ credit rating (Debt/Equity ratio .81), 8 years of dividend growth history (averaging 19.6% annual dividend growth over the past five years), 30% payout ratio, Chowder Number 24.4.
Even if you price in a massive economic downturn starting tomorrow, this stock appears at worst to be fairly valued. Assuming a sideways, low-growth market, it's a screaming buy by the numbers. Anyone have any insight into this company?
Even if you price in a massive economic downturn starting tomorrow, this stock appears at worst to be fairly valued. Assuming a sideways, low-growth market, it's a screaming buy by the numbers. Anyone have any insight into this company?