Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Industry Headwinds Masking Some Progress At Axiall

The trouble with commodity businesses is that there's only so much that a company can do to control its fate. In the case of Axiall (NYSE:AXLL), the company seems to be doing well with respect to its synergy targets, but the underlying PVC and caustic soda markets haven't improved as much as hoped. While this could have the effect of shifting out some of the obvious profit and cash flow leverage by a few quarters, Axiall remains an undervalued play on a recovering housing market coupled with company-specific margin improvement opportunities.

On Target, Despite Headwinds

The housing market recovery continues to develop slowly in the U.S. while the Canadian market is seeing a slowdown. That has led to...

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