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1 point   posted on 12/21/08
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79%
+20.58%
 risk: aggressive

Oversold...?


Huntsman Corporation has declined substantially over the last year and a half -- by 90%. The company struggled with rising energy prices and the global recession coupled with the fact that Hexion, an affiliate of the private-equity firm Apollo Management, reneged its offer to purchase the company. Lawsuits followed.

Huntsman and Hexion/Apollo settled the disputes last week, and Hexion/Apollo are to provide Huntsman with $1 billion. Huntsman declined further on the news of the settlement.

My feeling is emotion got the best of many investors and Huntsman is extremely oversold. Yes, the failure of the merger was expected to hurt Huntsman. And yes, the global recession and spike in energy prices hurt Huntsman. However, Huntsman is largely the same company prior to any announcement of a merger, and furthermore, the company now has an additional $1 billion in its war chest to help it through the difficult times.

After the fall, the last few days we have seen higher highs and lower lows. But, it remains difficult to confidently attest that Huntsman will rebound quickly.

More analysis here: http://www.the52weekexperiment.com/2008/12/huntsman-corporation-indecision.html
  Related to:  
HUN Huntsman Corp.


Comments (3)

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scmfinance   79%     1 point   commented 336 days ago reply

Jim Cramer called Hunstman a "Spec Fave" on Mad Money today. More analysis: http://www.the52weekexperiment.com/2008/12/huntsman-corporation-strong-day-with.html
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scmfinance   79%     1 point   commented 335 days ago reply

Broke pattern, so I'm out for now: http://www.the52weekexperiment.com/2008/12/huntsman-corporation-broke-trading.html
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Locationh   61%     1 point   commented 334 days ago reply

Major Insider buying! Started 12/16/08...

P 2008-12-23 2008-12-24 13:28:14 Huntsman CORP HUN Healy Lawrence Russell officer (VP and Controller) 25,000 $3.50 $87,500.00 25,000 view
P 2008-12-16 2008-12-18 17:00:18 Huntsman CORP HUN EVANS MARSHA JOHNSON director 15,000 $3.20 $48,000.00 45,749 view
P 2008-12-17 2008-12-17 18:36:52 Huntsman CORP HUN ESPLIN J KIMO CFO 16,000 $3.08 $49,280.00 235,172 view
P 2008-12-17 2008-12-17 18:32:08 Huntsman CORP HUN Huntsman Peter R CEO 179,000 $3.10 $554,452.00 191,000 view
P 2008-12-17 2008-12-17 18:32:08 Huntsman CORP HUN Huntsman Peter R CEO 250,000 $3.10 $774,375.00 994,258 view
P 2008-12-16 2008-12-16 19:40:13 Huntsman CORP HUN Hankins Anthony P officer (Division President) 35,000 $3.09 $108,000.00 115,904 view
P 2008-12-16 2008-12-16 19:39:30 Huntsman CORP HUN Ridd Brian V officer (Sr. VP, Purchasing) 5,000 $3.01 $15,050.00 67,363 view
P 2008-12-16 2008-12-16 19:38:16 Huntsman CORP HUN Scruggs Samuel D officer (Exec VP, GC and Sec) 125,000 $2.96 $370,612.00 350,257 view
P 2008-12-16 2008-12-16 19:37:28 Huntsman CORP HUN Healy Lawrence Russell officer (VP and Controller) 25,000 $3.15 $78,750.00 75,363 view
P 2008-12-16 2008-12-16 19:36:24 Huntsman CORP HUN MICHAELSON RICHARD A director 10,000 $2.88 $28,770.00 14,000 view
P 2008-12-15 2008-12-16 19:33:26 Huntsman CORP HUN Reaud Wayne A director 1,000,000 $3.28 $3,276,900.00 1,379,100 view

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