It has since cooled off big time, and trades in the $5 range.Follow Real Money's Wall Street Pros to receive real-time investing alertsAt the time of publication, Jonathan Heller had no position in the securities mentioned.The reason that VHI has fallen recently is likely because some of its holdings have stumbled. Quotes delayed at least 20 minutes for all exchanges. Joined by San Francisco in 2001, the lawsuit claimed former lead paint manufacturers NL Industries, ConAgra Grocery Product and Sherwin-Williams Company aggressively marketed lead paint, banned for residential use in 1978 but still present in millions of California homes. Huang said the current lawsuit is focused on NL Industries and NL Environmental Management Services Inc. "NL is the entity responsible for putting the … NL Industries Enjoys Big Day in the Sun After Lawsuit Cloud Lifts Announcement of a settlement of a lead paint legal tussle that had gone on for nearly two decades gave NL shares a boost Thursday. NL has been out of that business since 1980, but the specter of liability has remained.
ETF data provided by Lipper.
NL Industries, Trading At A Massive Discount, Has Seen A Critical … N.L.
1 chemical company, and Sherwin-Williams Co., the No. Perhaps that will remove some of the uncertainty.© 1996-2020 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281Let's check the charts and indicators.Here's how to play this specialty chemicals stock.Let's look at the chart and see how I'd trade AA.Let's check the charts ahead of earnings on Friday.NL currently trades for just over 4 X next year's "consensus" earnings estimates (note the quotes around consensus; just one analyst currently covers the name). Learn about NL Industries , including insurance benefits, retirement benefits, and vacation policy. One of the overhangs on the company has been its former paint business, which sold lead paint.
The company, which trades for 5x next year's "consensus" estimates, ended its latest quarter with $111 million, or about $2.30 per share, in cash and trades for less than 0.9x tangible book value per share. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.Email Real Money's Wall Street Pros for further analysis and insightLet me disabuse you of some of the biggest canards that people routinely spout involving the Fed and stocks.Follow Real Money's Wall Street Pros to receive real-time investing alertsThere are two distinct elements of this market and my choice is easy.Let's check out some charts and indicators and see where CSGP may be headed. Mutual fund data provided by Valueline. Our digital platform is home to a wealth of information on business and human rights, but hasn’t had a visual refresh for a number of years.Atlantic Richfield Co. [part of BP] is among five companies fighting a public-nuisance lawsuit in state court seeking $900 million to replace or contain lead paint in millions of California homes.
NL Industries Enjoys Big Day in the Sun After Lawsuit Cloud Lifts. Market Data & Company fundamental data provided by FactSet. KRO is down about 13% since late May, while NL shares have fallen 35% since January. Mr. Herrera said, "We have fought to hold these companies accountable for nearly twenty years, and will finally have needed funds to devote to protecting our children from lead poisoning." In addition, NL ended its latest quarter with $100 million or just over $2 per share in cash, and no debt.Except as otherwise indicated, quotes are delayed.
I lived within 2 miles of the Colonie NL plant, and my father worked there when it was National Lead. ETF data provided by Lipper. Market Data & Company fundamental data provided by FactSet. Sherwin-Williams Co. (SHW), NL Industries and Conagra Brands ConAgra Grocery Products unit have settled litigation with 10 California counties and cities related to the companies' advertising for lead paint.
I took an initial position last September that I closed in late January after the stock ran up 150% more quickly than I expected. In fact, it continued to run, hitting the $9 level in April. Earnings and ratings provided by Zacks. NL Industries, Inc. is a holding company, which involves in components products and chemical industries. Last month, NL settled a two decade old California lawsuit regarding the lead paint issue for $60.2 million. "The federal government banned the use of lead paint in homes in 1978. Last month, NL settled a two decade old California lawsuit regarding the lead paint issue for $60.2 million. NL is not a well-known name, is covered by just one analyst, and operates in a cyclical and commoditized business. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. Announcement of a settlement of a lead paint legal tussle that had gone on for nearly two decades gave NL shares a boost Thursday. Related stories: USA: Lawsuit against paint makers over lead paint exposure starts in California Related in-depth areas: Latest Legal News Latest news on Children Related companies: ConAgra DuPont NL Industries Sherwin-Williams They have made a nice recovery since bottoming in the $3 range in mid-December and are up 50% since then, but that is of little comfort to longer-term shareholders.It's a good time to check the WORK charts again.Except as otherwise indicated, quotes are delayed.