Replies to post #43471 on Savvy Trades and Investments

[Knowledge is King]

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