NEW YORK, Dec 14 (Reuters) - Rohm and Haas Corp
Saturday, December 15, 2007
Inflation ...
Rohm and Haas to raise vinyl acetate pricesFriday, December 14, 2007 4:45:06 PM (GMT-05:00)Provided by: Reuters News
NEW YORK, Dec 14 (Reuters) - Rohm and Haas Corp on Friday saidits packaging and building materials business as well as its paint andcoatings unit will raise prices on vinyl acetate in North America due to arise in oil prices. The company said that the packaging and building materials increaseswill be up to 10 percent starting on January 1. Increases for vinylacetate-based emulsions will be 5 cents per wet pound. Vinyl acetate is a chemical used in plastics, paper coatings, buildingmaterials and other items. (Reporting by Michael Erman, editing by Carol Bishopric) ((Reuters Messaging: michael.erman.reuters.com@reuters.net; +1 646 2236021))Keywords: ROHMANDHAAS
NEW YORK, Dec 14 (Reuters) - Rohm and Haas Corp
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2 comments:
Which one of these do you have these shorts is your highest conviction? SHLD?
For those who know me best, they'll confirm that my highest conviction contrarian shorts for 2007 have been Sears Holdings (SHLD), Coach (COH), and Jamba Juice (JMBA)...
Since 2007 is coming to an end, so is my conviction in staying with these 3 names...
On April 17th, SHLD closed at $193/share... Friday, it went out -45.4% lower, at $105.24/share... this is one of the great gains in contrarian investing that we should be thankful for, and lock in...
That said, since i dont know who is asking me this question... if, stylistically, you are a day trader, you can still short it every day that its green in December, and still wakeup to positive absulute and relative P&L in your daily stocking...
The last time i re-shorted SHLD was when Barrons, and Bill Dreher at Deutsche Bank, came out positively, in concert, supporting Lampert on the stock's crack, post his abysmal quarterly report...
Everything has a price... and Lampert knows that better than most ... dont forget he is incentivized to see his stock price washeout here in December... his hedge fund gets paid his incentive fee in 2008, based on how well SHLD does from January 1. Its sad, but its reality... and one of the reasons why he is giving Wall St zero transparency right now...
My highest conviction shorts at friday's closing prices are Gildan Activewear (GIL), and Einstein Noah Bagels (BAGL).
Best,
KM
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