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Strategies & Market Trends : Value Investing

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To: robert b furman who wrote (61521)	12/7/2018 7:11:47 PM
From: Spekulatius	Read Replies (3) of 78669

BASFY just got clipped because they revised their earnings downwards. that aid, I think it’s a great buy here. The earnings revision has several reasons, weakness in isocyanates (precursor for some polymers), weakness in automotive and low water level in the Rhine River, which restricts transportation from their main facility in Ludwigshafen. Nevertheless, I like that they restructure their E&P operation (Wintershall), they ceded some business where they had low market share and bought some AG business from Bayer (which they had to sell to satisfy regulators. It‘s a company that keeps churning out dividends, growth their business through ebbs and highs while keeping a conservative balance sheet. Nothing fancy, but they are good at what they are doing send keep chugging along. It‘s cheaper now than during the 2015 selloff, so based on historic valuations, it should do OK from here.

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