Mark Yagalla
Gold, currencies, macro, commodities

Cytec Industries: A Great Fourth Quarter Positions The Company Well For 2014

Cytec Industries (NYSE:CYT) just posted a great fourth quarter. EPS came in $0.04 better than expectations and revenues were almost $28 million higher. Mr. Market liked the results as shares rose almost 2%. While shares are 4% off their recent highs, they're still 31% off the lows seen last summer. There were a lot of positives that we saw in the earnings report that lead us to believe shares are going to continue their trajectory higher. The best part is that shares are still trading at only 15 times next year's earnings.

4Q results

Revenues in 4Q were $480 million for a 2% y/y increase. All four operating segments posted growth with additive technologies posting 10% sales growth....

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