New Information Reveals Opportunity -- Research Report on Olin, OMNOVA Solutions, Orion Engineered Carbons, Orion Marine Group and Platform Specialty Products
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, January 2, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Olin (NYSE: OLN), OMNOVA Solutions (NYSE: OMN), Orion Engineered Carbons (NYSE: OEC), Orion Marine Group (NYSE: ORN), and Platform Specialty Products (NYSE:PAH). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
OLN Research Report: ( http://get.analystsreview.com/pdf/?c=Olin&d=02-Jan-2015&s=OLN ),
OMN Research Report: ( http://get.analystsreview.com/pdf/?c=OMNOVA%20Solutions&d=02-Jan-2015&s=OMN ),
OEC Research Report: ( http://get.analystsreview.com/pdf/?c=Orion%20Engineered%20Carbons&d=02-Jan-2015&s=OEC ),
ORN Research Report: ( http://get.analystsreview.com/pdf/?c=Orion%20Marine%20Group&d=02-Jan-2015&s=ORN ),
PAH Research Report: ( http://get.analystsreview.com/pdf/?c=Platform%20Specialty%20Products&d=02-Jan-2015&s=PAH ).
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Analyst Update: Facility Closures, Price Increase, Management Changes, and Common Stock Purchase
Reviewed by: Rohit Tuli, CFA®
The US stock markets on Wednesday ended on a negative note amid the tumbling crude oil prices and light volume trade. In the last trading session of 2014, S&P 500 closed at 2,058.90, down 1.03%, NASDAQ Composite declined 0.87% to 4,736.05, and the Dow Jones Industrial Average edged 0.89% lower to finish the day at 17,823.07. However, the European stocks wrapped up the year on a positive note and were closed for trading on December 31, 2014. The Asian markets on the other hand ended the Wednesday's trading session on a mixed note as rising concerns over Greece's political crisis rattled the markets. Further, confirmation from HSBC that its index of China's manufacturing activity had contracted in December indicated a slowing Chinese economy despite government efforts to shore up development.
Manufacturer of Chlor Alkali Products, Chemical Distribution and Winchester, Olin Corporation (Olin) announced its plans to permanently close the portion of its Becancour, Quebec, Canada facility that has been shut down since late June 2014. The plant will now mainly focus on bleach and hydrochloric acid, which are value-added products, along with caustic soda.
OMNOVA Solutions Inc.'s (OMNOVA Solutions) Paper, Carpet and Specialty Ingredients business has announced a price increase of $0.03/dry pound on all latex products sold into North American markets, effective January 1, 2015, or as contracts allow.
Orion Engineered Carbons S.A (Orion Engineered Carbons) announced Dr. Barry Snyder's resignation from his position as Senior Vice President, Innovation, effective December 31, 2014. Earlier the Company posted its Q3 2014 results with adjusted EBITDA of €53.2 million up 5.1% YoY.
Orion Marine Group Inc (Orion Marine Group) has elected Mark Stauffer to its Board of Directors.
Mr. Stauffer, President of Orion Marine Group, succeeds CEO, Mike Pearson effective January 1, 2015. Earlier in its third quarter 2014 earnings release, the Company reported net income of $3.0 million or $0.11 diluted earnings per share as compared to a net loss of $0.9 million or $0.03 diluted loss per share for Q3 2013.
Platform Specialty Products Corporation (Platform Specialty Products) reported the recent purchase of an aggregate of 500,000 shares of the Company's common stock by its Chairman and one of its founder entities.
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About Analysts Review
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Analysts Review was designed for investors. By providing the best information available, we have set ourselves apart as one of the premier online investor communities.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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