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What: Shares of Chemtura
So what: According to the company's press release, the deal should support growth by leveraging a new Lisheng facility for antioxidant production. Details remain unclear for now, though a just-announced investor day may offer missing context.
Now what: CEO Craig Rogerson and team will take the stage on Dec.13 at New York's Sheraton Hotel & Towers. In the meantime, the stock trades for less than one-fifth the long-term growth rate analysts expect, resulting in a 0.14 PEG ratio. The implication? Wall Street is either crazy with optimism, or shares of Chemtura are crazy cheap. Where do you stand? Would you buy shares of Chemtura at current prices? Please weigh in using the comments box below.
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