Tuesday, April 14, 2009 2:38:28 PM
From Hard Assets Investor (excerpt):
"Benjamin Graham, were he still alive, would likely be having a field day picking through today's market wreckage for bargains. Graham, the granddad of value investing and mentor to Warren Buffett, earned a reputation for deep-discount investing in the wake of the 1929 stock market crash.
Just as there were valuable bargains to be struck in the aftermath of the '29 collapse, there are enticing buys to be made now...
Take the stocks in the Basic Materials sector as examples. This segment, made up of companies in the chemical, mining, industrial metals and forestry/paper industries, was brutalized after a five-year bull run. In just five months, between June and November 2008, the Dow Jones US Basic Materials Sector Index lost nearly 59% of its value. Only recently has the benchmark started to show signs of stabilizing.
Among the stocks contributing to the index's decline was that of Ashland, Inc. (NYSE: ASH), a company Ben Graham would no doubt recognize. Well, old Ben would recognize part of the company, anyway. Originally founded in 1918 as Ashland Oil, the Kentucky-based company is now a diversified chemicals enterprise operating in four divisions.
What Ben Graham would see now if he were looking at Ashland is a company with surprisingly good fundamentals that's been chucked into the bargain basement along with a lot of sector dross."
Read the full article at http://www.hardassetsinvestor.com/features-and-interviews/1/1513-will-ashland-channel-ben-graham.html
Recent ASH News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/16/2024 09:00:10 PM
- Ashland accelerates application of super wetting technology, commercializes superior wetting agent for corn, soy, wheat, watermelon, other produce and florals • GlobeNewswire Inc. • 09/16/2024 11:00:00 AM
- Ashland completes sale of nutraceuticals business • GlobeNewswire Inc. • 09/03/2024 11:00:00 AM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 08/13/2024 08:30:13 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 08:30:11 PM
- Ashland board authorizes quarterly dividend • GlobeNewswire Inc. • 08/09/2024 09:01:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 09:10:56 PM
- Ashland reports financial results1 for third quarter fiscal 2024, issues outlook for fourth quarter and full-year fiscal 2024 • GlobeNewswire Inc. • 08/06/2024 09:01:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/29/2024 08:30:04 PM
- Ashland sets date for fiscal 2024 third-quarter earnings release and conference call webcast • GlobeNewswire Inc. • 07/17/2024 11:00:00 AM
- Ashland announces strategy, mergers and acquisitions, and portfolio management leader • GlobeNewswire Inc. • 06/24/2024 11:00:00 AM
- Ashland achieves certification by Fair Wage Network • GlobeNewswire Inc. • 06/18/2024 11:00:00 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 08:05:50 PM
- Ashland announces Life Sciences business leader • GlobeNewswire Inc. • 06/04/2024 12:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/03/2024 08:58:35 PM
- Form 11-K - Annual report of employee stock purchase, savings and similar plans • Edgar (US Regulatory) • 05/23/2024 09:12:54 PM
- Form 11-K - Annual report of employee stock purchase, savings and similar plans • Edgar (US Regulatory) • 05/23/2024 08:24:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/20/2024 08:15:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/09/2024 11:37:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 10:03:35 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 10:01:51 PM
- Ashland Board appoints Ashish K. Kulkarni as new director • GlobeNewswire Inc. • 05/08/2024 09:01:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 11:00:13 AM
- Ashland board authorizes quarterly dividend • GlobeNewswire Inc. • 05/07/2024 09:01:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/07/2024 04:50:26 PM
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
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Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM