Olin Shares Plunged: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Olin (NYSE: OLN  ) fell as much as 10% after reporting better-than-expected earnings. What gives? I've got no idea. All I see is good news.

So what: Digging into the numbers, Olin said revenue from its chlor-alkali business for producing detergents and bleaches (among other things) rose 47%. Overall revenue improved 30% to $529.1 million, while profit more than doubled to $0.52 a share. Analysts were expecting $498.8 million and $0.50 a share, respectively.

Now what: If there's a problem with this five-star stock -- and I'm not saying there is -- it's that dividend growth has gone nowhere over the past five years. Is that enough to keep you out of this stock? Did you sell today? Let us know what you think using the comments box below.

Interested in more info on Olin?Add it to your watchlist.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.

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  • Report this Comment On July 25, 2011, at 2:29 PM, JPAKolypse86 wrote:

    I don't understand what caused the drop in share price. My guess is that its just market jitters. I didn't sell at $26 and i won't be selling now. Chemicals has been one of the best performing industries this year and OLN is one of the best in the industry. It would be prudent to use this pullback to get into OLN.

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Related Tickers

10/21/2016 4:02 PM
OLN $21.84 Down -0.06 -0.27%
Olin Corporation CAPS Rating: ***