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Strategies & Market Trends : Charts for Breakout II -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (8081)	11/5/2021 9:00:40 PM
From: Area51	Read Replies (1) \| Respond to of 8531

I think it looks good fundamentally. The Industry and TSE typically trades at a median EV/EBIDTA of 7, and right now it is less than 6 based on their guidance of 775 million EBITDA for 2021. That gives the stock price about 50% upside just there if you up the EV/EBITDA ratio to 7. And they talk about selling the styrene business which has been low margin often times and they could deserve a higher multiple in the future. If it breaks through this 60 - 62 area it looks good technically. Much depends on how their remaining businesses are doing going forward. TX reported a great quarter but it sold off afterwards. That could happen here also I suppose. This guy follows it much closer than I do: seekingalpha.com Good Luck, A51