Opinions
Jim Cramer - Mad Money
Celanese Corporation
CE-N
BUY
Oct 20, 2021
The price keeps going up and up. Still a winner and not expensive.
$166.560
Stock price when the opinion was issued
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TOP PICK
Believes company is offering a long term value with current share price.
Trading at ~6x earnings per share.
$1 Billion in cash flow & deleveraging actions major opportunity.
Expecting volatility in share price but dividend growth and higher M&A activity.
Warren Buffett also a major shareholder.
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STRONG BUY
Big correction that he calls a 4-year-cycle reset. October 13 was the start of a new 4-year cycle. Should have upside, by time, into late 2025 to early 2026. One of his favourite plays for this year. Higher lows, higher highs. If it continues to take out recent highs, sees no reason it won't test important resistance around $150, where it stalled out before.
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