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What: Shares of specialty chemicals maker Solutia
So what: Slower-than-expected demand led management to lower expectations for the second half of 2011. For the full year, management now expects adjusted earnings per share to be between $1.95 and $2.05, from a previous expectation of $2.10 to $2.25.
Now what: Despite the lower guidance, Solutia is still making good money. The company currently trades at just eight times the bottom end of expectations for 2011. Shares have risen since reaching lows in early trading, but I think they still present a good value for investors.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his CAPS picks at TMFFlushDraw.
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