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Non-Tech : Olin - My favorite Company -- Ignore unavailable to you. Want to Upgrade?


To: Fuzzy who wrote (95)3/25/2008 12:41:47 PM
From: richardred  Respond to of 170
 
Fuzz-IMO-A few things to remember. Olin possibly might be taking more write downs as they integrate inefficient Pioneer plants. If that happens. I wouldn't worry about any related near term accounting charges associated.

There will most likely always be some type of remedial(for past chemical waste) exposure for OLN, but we do have a superfund for clean up. Olin usually sets reserves aside for risk exposure. Metals is gone and the focus is on CA. Olin is a major producer. The focus as to how that business does, is the big global picture. Big picture meaning exposure to global economic conditions.

BTW-Yes the last statement IMO- currently makes OLN more of a speculative weighted appeal stock with moderate risks.