Record results for plastics at PolyOne, ExxonMobil, Dow, and Eastman

02/07/2011

One year ago, an investor could have done a lot worse than bet on plastics if the record results and 52-week performance of PolyOne, ExxonMobil, Dow, and Eastman are any indication. Over the last year, those companies, which all recently reported earnings, saw their share prices double or nearly double in value: Eastman ($51 to $94), Exxon Mobil ($55 to $83), PolyOne ($7 to $14), and Dow Chemical ($22 to $37).

Fourth-quarter and full-year 2010 earnings statements by these plastics suppliers showed how far the industry came back in 2010 from its precipitous drop in 2009. Higher volumes and prices at Polyone, ExxonMobil Chemical, Dow, and Eastman pushed results higher, with renewed demand from North America and continued strong growth overseas, particularly in emerging regions....
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