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Mario Gabelli: What To Do if Market Declines
On August 24, in an interview with CNBC, Mario Gabelli encouraged value investing. He is the CEO, chairman, and founder of GAMCO Investors.
Berkshire Hathaway 13F: Warren Buffett Played It Safe
There weren’t any real surprises in Berkshire Hathaway’s 13F for the second quarter. In some ways, the 13F replicated the first quarter.
Acquisition Revenue Drove RPM International’s Industrial Segment
The Industrial segment is the largest revenue contributor to RPM International’s (RPM) overall revenue. It had a revenue share of 51% in fiscal 3Q17.
Westlake Chemical Announced 4Q16 Dividend
On November 21, 2016, Westlake Chemical (WLK) announced a fourth quarter dividend of $0.19 per share.
Huntsman Stock Rises on Refinancing News
On November 15, 2016, Huntsman (HUN) announced that it had refinanced its term loan B due in 2021 and term loan B due in 2023.
Will Tender Offer Reduce Eastman Chemical’s Interest Expense?
As of November 18, 2016, Eastman Chemical closed at $74.18, down 1.4% for the week.
US Core Retail Sales Reverse 3-Month Trend
The gain in core retail sales reversed three consecutive months of declines. Core retail sales last posted a gain of 0.6% in November 2014.
Maverick Capital Sells Its Position in Martin Marietta Materials
MLM’s 4Q14 net sales were up 59% to $779.5 million, compared with net sales of $491.4 million in 4Q13. It beat its 4Q14 revenue estimates by $84 million.
Maverick Capital Adds to Position in Vulcan Materials in 4Q14
Maverick Capital increased its position in Vulcan Materials by $147 million in stock. Vulcan accounts for 2.91% of the fund’s portfolio in 4Q14.
Consumer Why Armstrong World Industries lowers full year guidance
Shares fell at the end of July because of the company’s lackluster outlook. The outlook was based on the market activity in May and June. It was also based on the recent downward revisions to gross domestic product (or GDP). AWI lowered its full year guidance for sales by $100 million.
Consumer Why Armstrong faces soft demand environment in certain markets
Net sales in the company’s Americas market declined 0.7% to $509.2 million in the second quarter. It was essentially flat for the first half of 2014. This was due to lower volumes.
Consumer Why higher costs and charges impact Armstrong’s business segments
Resilient Flooring net sales in the second quarter and first six months of 2014 declined 2%. Net sales were driven by lower volume in the Americas and Europe. Operating income also declined.
Consumer Why Armstrong World Industries’ profits drop in 2Q
Armstrong World Industries stock fell at the end of last month. Its 2Q14 earnings and revenue fell short of analysts’ expectations. Revenue was up 0.5% to $710 million compared to the same quarter last year. Adjusted diluted earnings per share (or EPS) fell 1% to $0.60. Net income declined 31.4% to $21 million.
Consumer Overview: ValueAct Capital’s new position in Armstrong
Armstrong is based in Lancaster. It’s a global producer of flooring products and ceiling systems. The products are used in the construction and renovation of residential, commercial, and institutional buildings. It designs, manufactures, and sells flooring products that are mainly resilient and wood.