Chemtura Corp (fka CHMT)

[jackinhtown]

I receive a daily newsletter from the American Chemistry Council (ACC). Sorry, no link because you must be an ACC member (password protected). This was the "top story" yesterday. Strong company in an industry that continues to improve. My bet is that they blow away their EBITDA targets. Everyone else in the industry continues to beat estimates (including my company), why wouldn't they? All ships rise with a rising tide...

ACC: U.S. chemical sector bounces back in 2010; positive outlook ahead
The U.S. chemical industry is undergoing a "surprisingly good recovery in demand," as annual output is predicted to rise by between 6% to 7%, according to the American Chemistry Council. That increase is driven by domestic consumption as well as exports to Asia and Latin America. "At midyear, it is apparent that the U.S. economy has reached a transition phase, shifting from an economy driven by inventory changes [end of destocking and start of restocking] and stimulus spending, to one that is self-sustaining," ACC economists said. U.S. economic growth is expected to taper off in the next two years, but chemical growth will remain healthy, the report added. ICIS News (U.K.)