Famed investor Peter Lynch liked to advocate for investing in
companies that do things that nobody really ever thinks about, or even
better, does things that are unpleasant in some fashion. Koppers (KOP)
arguably fits both of this criteria, as I don't think many investors
spend much time contemplating the markets for carbon pitch or creosote,
and distillation of coal tar (and its byproducts) are not what I'd call
particularly pleasant.
That's not what I find interesting about
Koppers. More relevant to me are the company's strong market shares
across multiple markets and a management team that seems keenly focused
on economic value creation. Although Koppers stock is just off its
52-week high and about 10% off its all-time high, these shares could
still offer some upside from today's level.
Continue reading here:
Strong Share And Management Discipline Bode Well For Koppers
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