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Not sure what to expect on GLGI($.60) quarter,

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Knowledge is King Member Level  Thursday, 01/11/18 01:36:53 PM
Re: CPTMatt post# 43471
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Not sure what to expect on GLGI($.60) quarter, Matt. The stock sure is telling us it will be solid, but I'm a little wary due to this language from last quarter's PR:


Unfortunately, Hurricane Harvey will cause short-term upward pressure on polyethylene pricing including the recycled market. We expect this increased movement to abate when normal polyethylene production comes back on line.



This website seems to indicate polyethylene pricing is back to pre-Harvey levels (see graph in lower right of the page).

www.theplasticsexchange.com


Government is never more dangerous than when our desire to have it help us blinds us to its great power to harm us.

Ronald Reagan
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