They had a good quarter but there are a number of things that we heard in the conference call to give us pause.
Michael Judd
The nice thing about Dow is they weren't whining about the hurricanes. It's operational issue. They took it on the chin, versus other (companies) who whine about it and treat it like a one-time issue.
nice thing
This issue from a financial perspective is relatively small. Every time this kind of thing has come up in the past, they have generally settled the dispute or paid a fine.
time past perspective kind small thing
It looks like things are on track here. This seeds and traits business looks pretty good. In the past we wouldn't be surprised if they lost money in this seasonally slow quarter.
money business past good lost seeds things pretty
It's hard to know what a private equity firm is going to pay. They want to get it for a discount so they can repackage it and sell it at a premium.
equity hard
Earnings were better than anticipated, that's good news for Engelhard.
good news
They are doing the right thing.
thing
The company continuous to be pretty conservative with its guidance. There is nothing new here.
guidance company conservative pretty
good things call give
All in all it is a good story, but the problem is that you have a limited upside potential to the stock.
potential problem good story
The corn business did very well. They may be capturing some market share. Those revenues were up pretty substantially, and that really helped to drive profits.
business drive market share pretty
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