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
- 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
- Turnspire Capital Partners to Acquire Ashland Nutraceuticals Business • Business Wire • 05/07/2024 11:00:00 AM
- Ashland signs definitive agreement to sell nutraceuticals business to Turnspire Capital Partners • GlobeNewswire Inc. • 05/07/2024 10:59:00 AM
- Ashland reports financial results1 for second quarter fiscal 2024; issues outlook for third quarter and full-year fiscal 2024 • GlobeNewswire Inc. • 04/30/2024 09:01:00 PM
- Ashland sets date for fiscal 2024 second-quarter earnings release and conference call webcast • GlobeNewswire Inc. • 04/18/2024 10:59:00 AM
- Ashland Board appoints Scott A. Tozier as new director • GlobeNewswire Inc. • 04/15/2024 10:59:00 AM
- Ashland announces executive organization changes to personal care and specialty additives • GlobeNewswire Inc. • 04/03/2024 09:01:00 PM
- Ashland drives gender parity, shines spotlight on the inspirational power of women from lab bench to real life, and announces Responsible Solvers™ speaker series • GlobeNewswire Inc. • 03/08/2024 11:59:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/26/2024 11:59:10 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 09:15:20 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/16/2024 05:36:50 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/31/2024 05:52:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/30/2024 10:10:46 PM
- Ashland reports financial results1 for first quarter fiscal 2024; issues outlook for second quarter and full-year fiscal 2024 • GlobeNewswire Inc. • 01/30/2024 10:01:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/26/2024 09:45:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/25/2024 10:37:17 PM
- Ashland board authorizes quarterly dividend • GlobeNewswire Inc. • 01/22/2024 10:01:00 PM
- Ashland sets date for fiscal 2024 first-quarter earnings release and conference call webcast • GlobeNewswire Inc. • 01/16/2024 10:00:00 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 01/11/2024 09:15:15 PM
- Ashland announces organization changes to finance and strategy, M&A and portfolio teams • GlobeNewswire Inc. • 01/09/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/04/2024 11:01:54 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 12/11/2023 09:06:02 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 12/11/2023 09:05:51 PM
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