Added to YB: 2024-07-25
Pitch date: 2024-07-24
WLK [bearish]
Westlake Corporation
+45.19%
current return
Author Info
No bio for this author
Company Info
Westlake Corporation manufactures and markets performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Mexico, Brazil, France, Italy, and internationally.
Market Cap
$11.3B
Pitch Price
$135.74
Price Target
N/A
Dividend
2.39%
EV/EBITDA
10.42
P/E
-168.35
EV/Sales
1.29
Sector
Chemicals
Category
special_situation
Pipe Price Fixing - Westlake Corporation (short)
WLK & others likely fixing PVC pipe prices via OPIS newsletter. Prices 4.7x/2.7x pre-COVID for municipal/conduit. WLK building products EBITDA +3.7x ('19-'23), price +74%, margins 13.5%->22.5%. $36B market. DOJ/FTC/CA AG focused on post-COVID collusion. Industry has history of FTC action. Risk of regulatory intervention.
Read full article (2 min)