Dahlman Rose is out with its report today on Georgia Gulf (NYSE: GGC), reiterating Buy.
In a note to clients, Dahlman Rose writes, "We remain positive on GGC shares as we expect the company to benefit from better pricing and margins as it moves beyond the PVC force majeure and chlor/alkali operating issues. While 2Q11 results are likely to be weak, we see exports supporting volumes and margin gains despite a muted US housing recovery."
Dahlman Rose maintains a $40 PT on GGC.
GEORGIA GULF BULLISH MOVING AVERAGE CROSSOVER ALERT (GGC)
Mar 11, 2011 (SmarTrend(R) Market Surveillance via COMTEX) -- Today, shares of Georgia Gulf (NYSE:GGC) have crossed bullishly above their 10-day moving average of $32.81 on volume of 475 thousand shares.
This may provide swing traders with an opportunity for a long position as such a crossover often suggests higher prices in the near term. Watch for a close above this moving average level for confirmation.
SmarTrend issued an Uptrend Alert for Georgia Gulf on November 26, 2010 at $20.20. In approximately 4 months, Georgia Gulf has returned 62.5% as of today's recent price of $32.82.
In the past 52 weeks, shares of Georgia Gulf have traded between a low of $11.11 and a high of $34.91 and are now at $32.82, which is 195% above that low price.
In the last five trading sessions, the 50-day MA has climbed 2.85% while the 200-day MA has risen 1.72%.
We will continue to monitor GGC's share price relative to this moving average.
Write to Chip Brian at email@example.com
Mild winter ahead good for ggc.
this could mean low natural gas costs.
also they have raised prices for their chemical line by 5cents.
The 3 key things that ggc needs are:
to string consecutive quarterly profits
for a better housing market
& to repay most of their debt then it will pull a netflix or a ford.
My guess is the market is going to go down big soon. I sold my shares of Georgia gulf at $20.67 I'm looking to buy back at $12-15 a share.
Whenever the market gets flat most of the time the market goes down just look at the chart.
Seems like we have some hedge funds or someone with big money making this stock move up and down in a manipulation fashion...
so we get everyone excited moving up and then start shorting it down...
So what is the next guess?
Short % of Float (as of Oct 29, 2010)3: 25.30% seems like alot to me?
Oh heck, who knows...
In 4-5years this stock will go to $100 but not right now. However if they continue to make small profits they are in good shape. They will reduce their debt & start to repay 700million they owe. They have little in short term debt so it's under control. Judging by their earnings over the yrs they have bottomed out. Wallstreet does not know about this company. There are only at the most 3 analysts covering this company mostly J.P Morgan. Other than that I'm sure if you asked a broker what Georgia Gulf is most would say huh what's that??????? Less than 400 shareholders I think 397 to be exact the last time I. checked average volume less then half a million market cap under a billion. Maybe a while ago more people knew about it but not right now.
Right now it's short term which is why I'm playing it. It is not a long term hold because the housing market hasn't recovered yet. But when it does this stock is going to fly. Earnings should be good due to better housing news higher commodity chemical prices & low natural gas costs. I'm looking to sell around $22 a share & get back in around $13-15 a share. I believe we are going to have a big pullback in the market so I'm in a selling mood.
The main threat to this company is a double dip recession which could mean they go under but most people don't think that's likely
I think wall street knows this stock... They've been around for a long time. Why do you think they are going to make a killing when the housing market sucks right now? Most of the products they make are directly related to new construction.
Fundamentals don't make me want to really jump up in here... I think feedstocks will go back up and hurt this company... It anybody's guess... I guess
[Possibly one of the best stocks out there!!!!!!b]
this company has massive upside potential over the years as long as the housing market continues to recover
this could be $100 a share in 4yrs considering the average price over it's history on the NYSE is $500-600 dollars after the 1/25split
they finally turned the corner and have made profits after losing money since 2005-2006 with the decline of the housing market. They almost went bankrupt but have moderated themselves they owe around 700million in the long term with borrowing capacity of just over 100million
this quarter should be very good due to higher commodity chemical prices along with low natural gas costs & better housing#s.
Overall strong buy but I would wait for the market to go down & load up at $13-15 dollars a share good luck!!!!!!!!!
Bleeding cash.. due to feedstock cost with them unable to increase prices...
Period Ending Mar 31, 2010
Net Income (19,031)
Operating Activities, Cash Flows Provided By or Used In
Depreciation 24,887Adjustments To Net Income (6,253)
Changes In Other Operating Activities (41,612)
Total Cash Flow From Operating Activities (42,009)
Investing Activities, Cash Flows Provided By or Used In
Capital Expenditures (10,955)
Other Cash flows from Investing Activities 770
Total Cash Flows From Investing Activities (10,185)
Financing Activities, Cash Flows Provided By or Used In
Net Borrowings 61,171 Other Cash Flows from Financing Activities (3,020)
[/Total Cash Flows From Financing Activities 61,479
Effect Of Exchange Rate Changes (148)
Change In Cash and Cash Equivalents $9,137
back under the radar.
50MA crossed the 200MA (golden cross)
BB are tight
low volume though
eagle eye on it again.
I sold 3/4 of mine yesterday at $25 and the rest at $39 today. I guess I should have held longer! There are a lot of people who are kicking themselves right now.
I guess your happy today. Unbelievable.
I cannot believe GGC has run post split from 7 to 26...I have a hunch, it may keep going. Always be safe, and lock in profits.
No that was ACCURATE. Only Problem I couldn't trade it as ETRADE had now recieved the shares yet. So instead of 8K only 3k. Hammer
I could not believe HOD @ 20.75 if I'm not mistaken.
try 150%, who knew this could become a monster
I can't believe this was up 100% today. I was thinking it would go the other way.
damn, look at the POS run!
when did this R/S?
Georgia Gulf is a leading North American manufacturer and international marketer of commodity chemicals as well as polymers and durable, custom and other vinyl-based building and home improvement products. Our products are used in a diverse range of industrial and construction applications from high performance plastics, pulp and paper production, packaging, chemical intermediates, pharmaceuticals and medical applications
Year Founded 1985
2008 Revenues US$2.92B
Reportable Segments 4
Paul D. Carrico
President & CEO
Our vision is to be a Company that provides increasing value to shareholders.
Georgia Gulf's mission is to continue to be an efficient, integrated manufacturer and marketer of quality chemical and plastic products to users worldwide and to grow responsibly in present and closely related businesses.
We are dedicated to continuous improvement of the processes, products and services required to meet our customers' changing needs.
We will strive to earn a superior long-term return for our shareholders while providing meaningful work for our employees and always operating with the highest regard for environmental protection, safety and overall well-being in the communities where we live and work.
All applicable laws and regulations will be adhered to with special emphasis on meeting or exceeding environmental and safety standards.
Relationships with customers, stockholders, employees, suppliers and the communities within which we operate will be conducted in a fair, open and ethical manner.
Never-ending process improvement will be practiced in order to provide quality products and services which meet the needs of our customers.
Equal opportunity for advancement will be provided to all employees in an atmosphere of open communication, trust, respect and support.
Competitive compensation and benefits, including incentive and equity programs based upon Company profitability and long-term growth, recognizing both teamwork and individual achievement, will be offered to all employees.
Complying with Environmental, Safety and Regulatory Responsibilities
To operate our business in a safe and environmentally sound manner by improving safety and environmental performance with special emphasis on the Responsible Care® initiative, and by always conducting our business in compliance with legal and regulatory requirements.
Sell to and grow with customers in the most profitable long-term markets.
Creating a Positive Environment for Employees
To create and maintain a positive environment for our employees in which they are treated with respect, provided competitive compensation and benefit programs, training, advancement opportunity and the potential to share in the Company's success.
To maximize utilization of all resources through continuous improvement to remain a low-cost provider.
Improving Financial Performance
To pursue a strategy of responsible growth, stock repurchases and dividends that balances both long- and short-term return to shareholders