On August 24, in an interview with CNBC, Mario Gabelli encouraged value investing. He is the CEO, chairman, and founder of GAMCO Investors.
There weren’t any real surprises in Berkshire Hathaway’s 13F for the second quarter. In some ways, the 13F replicated the first quarter.
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.
On November 21, 2016, Westlake Chemical (WLK) announced a fourth quarter dividend of $0.19 per share.
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.
As of November 18, 2016, Eastman Chemical closed at $74.18, down 1.4% for the week.
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 increased its position in Vulcan Materials by $147 million in stock. Vulcan accounts for 2.91% of the fund’s portfolio in 4Q14.
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.
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.
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.
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.