Stockchase Opinions

James Telfser Celanese Corporation CE-N TOP PICK Aug 19, 2022

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.
$114.950

Stock price when the opinion was issued

chemicals
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

You might be interested:

BUY
The price keeps going up and up. Still a winner and not expensive.
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.

PAST TOP PICK
(A Top Pick Aug 19/22, Down 3%)

Sold off aggressively, with higher interest rates causing fears of recession. Exposed to higher nat gas prices, didn't like its Chinese exposure. Still likes the business. He sold and went to LYB.