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Non-Tech : Olin - My favorite Company
OLN 20.70-0.3%Oct 31 9:30 AM EST
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To: Paul Senior who wrote (147)9/9/2019 10:56:19 AM
From: richardred  Read Replies (1) of 169
 
I was expecting to hang on longer. I sold my shares today because I was weighted and had a nice quick swing trade profit. If the stock gets back in the 15 range. I'll once again be interested.

The dividend since I can remember has been maintained at .80. I expect that to be maintained through thick and thin.


With regard to Chinese production. I believe that was addressed in the earnings call. I thought the news was positive for OLN. I'm also guessing Iran's CA production has been affected by the US ban.

The company since I can remember has had various payouts for chemical remediation. I suppose if they owned or still own one of the Chemical Superfund clean up sites, their shares of costs would be higher? I'm not sure what current reserves they have set aside for remediation or the extent? The Superfund clean up fund was to address this. Especially for those who went bankrupt and had no money to pay for clean up. The originator is responsible. The question was asked at the call with regards to Dow properties. Dow is responsible for remediation on it's former properties.

Winchester- IMO still should be spun off or sold. I believe that would be a catalyst for the stock if that hypothetical happens.
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