Norman Levine
Lanxess
LXS-DE
TOP PICK
Feb 16, 2018
A specialty chemical company becoming a power house company in fire retardant and specialty lubricants. The CFO wants to see the company grow. He thinks the dividend growth is good. It trades in Germany and Pink Sheets as LNXX. It trades at 8 times EBIDTA when it should trade at 11 times. Yield 1.0%. (Analysts’ price target is €72.70)
(A Top Pick Feb 16/18, Down 27%) The worst equity market in the world last year was Germany and this company is a specialty chemical company in the region. Their biggest products are fire retardants. It is a cycle play with good cash flow. He is still buying it.
(A Top Pick Nov 08/18, Up 7%) A German specialty chemical company that trades on the Pink Sheets in New York. They brought in a new CEO who has concentrated on their winning businesses. Interest is starting to come back into Germany and he sees good upside to come.
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A specialty chemical company becoming a power house company in fire retardant and specialty lubricants. The CFO wants to see the company grow. He thinks the dividend growth is good. It trades in Germany and Pink Sheets as LNXX. It trades at 8 times EBIDTA when it should trade at 11 times. Yield 1.0%. (Analysts’ price target is €72.70)