Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks.
The top investor data is provided from their latest 13F’s (dated 2018-9-30). This week we’ll take a look at:
Westlake Chemical Corporation (NYSE: WLK)
Westlake Chemical Corp is a vertically integrated manufacturer and marketer of basic chemicals, vinyls, polymers and building products. Its products are used for flexible and rigid packaging, automotive products, coatings, water treatment, refrigerants, residential and commercial construction and others. The company operates in the business segments of Olefins and Vinyls. The Olefins segment manufactures and markets polyethylene, styrene monomer and various ethylene co-products. The Vinyl segment manufactures and markets polyvinyl chloride, vinyl chloride monomer, ethylene dichloride, chlor-alkali, chlorinated derivative products, and ethylene. It sells the products across the United States and around the world, of which a majority of the revenue is derived from the United States.
A quick look at the price chart below for Westlake Chemical Corp shows us that the stock is down 30% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 7.03 which means that it remains undervalued.
(Source: Google Finance)
Superinvestors who currently hold positions in Westlake Chemical Corp include:
Cliff Asness – 1,853,189 total shares
Jim Simons – 576,300 total shares
Chuck Royce – 264,727 total shares
Michael Price – 91,800 total shares
Ken Griffin – 76,357 total shares
Steve Cohen – 51,182 total shares
Joel Greenblatt – 46,320 total shares
John Hussman – 25,900 total shares
Jim O’Shaughnessy – 17,443 total shares
Murray Stahl – 4,718 total shares
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