Tuesday, May 19, 2015

Seeking Alpha: Axiall's Ongoing, Frustrating, Gap Between Potential And Performance

I had more or less had my fill of Axiall (NYSE:AXLL) and its missteps/disappointments back in August of 2014, but it is nevertheless still a good idea to go back and review companies you once thought might have something to offer. After all, there's at least the chance that the original thesis wasn't so much wrong as early.

When it comes to this chlor-alkali and vinyl-based building products company, not all that much has changed for good or bad. Management seems to be less inclined to move forward with an ethylene joint venture, but PVC producers have been seeing a frustratingly lack of operating leverage and the long-awaited housing recovery has been slow to arrive. I can see how these shares could be worth more than $40 on an improving outlook for chlor-alkali and building products, but the risk of getting bullish on a laggard-to-leader story is that a lot of laggards stay that way for a long time.

Read the full article here:
Axiall's Ongoing, Frustrating, Gap Between Potential And Performance

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