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 chemicals producer and waste management service provider Valhi
So what: The same shares popped sky-high last week on news of a raised dividend, and have more than doubled since mid-March. Today's action looks a lot like a few large investors converting paper profits into real cash, and who can blame 'em?
Now what: That doesn't necessarily mean that Valhi's tremendous run is over. The raised dividend is a very shareholder-friendly move in itself, and the stock may still be worth more than the sum of its conglomerated parts. After all, Valhi's majority-owned sister companies NL Industries
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