2014 Ira Sohn Contest Finalist: Long Chemtura Corp
- This investment idea was recently one of four finalists for the 2014 Ira Sohn Investment Idea Contest, which was held on May 5.
- Over the past several years, the management team at Chemtura has divested assets to become a pure-play on industrial specialty chemicals.
- The recent announcement of the sale of its AgroSolutions business will allow the company to improve its over-leveraged balance sheet and return large amounts of cash to shareholders.
- After the tender offer is completed, we expect to company to continue to pursue the sale of the remaining businesses.
- Even without a sale of the business or its remaining pieces, we still believe there is attractive upside in the stock.