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TPC Group 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 TPC Group (Nasdaq: TPCG  ) , a producer of specialty chemicals, fell more than  12% on more than double its average daily volume before closing down around 8%.

So what: While no there was no company-specific news to cause the drop, TPC may have suffered collateral damage at the hands of Kraton Performance Polymers (NYSE: KRA  ) , another specialty chemist that fell more than 30% after missing earnings estimates.

Now what: Second-quarter results are due in a week. In the meantime, shares of TPC trade for roughly one-third the long-term earnings growth rate analysts expect, resulting in a 0.35 PEG ratio. Unless Wall Street is off the map in its estimates, this stock is a bargain right now. Do you agree? Disagree? Weigh in using the comments box below.

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

Fool contributorTim Beyers is a member of theMotley 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'sportfolio holdings andFoolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insightsdelivered directly to your RSS reader.

Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insights makes us better investors. The Motley Fool has adisclosure policy.

Read/Post Comments (1) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On August 04, 2011, at 6:46 AM, GCF007 wrote:

    This is a classic text book example of a company who is worth buying since $4/share in EPS for 2011, guidance good, earned $1.44 in the quarter and took a 30 plus percent loss---undeserved and solid. Great buying opportunity.

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10/21/2016 12:25 PM
KRA $33.91 Up +0.48 +1.44%
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TPC Group Inc. CAPS Rating: ***