LyondellBasell: No Longer A 'Buy' After Rally

About: LyondellBasell Industries N.V. (LYB)
by: Wolf Report
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Wolf Report
Long only, value, Growth, growth at reasonable price

LyondellBasell reported 3Q19 earnings - results were below targets, but the stock is showing strong gains during earnings day nonetheless.

Despite results coming in below 3Q18, earnings are showing Q-on-Q improvements.

The stock remains below fair value and represents a fair buy - though my own position is at the desired size at this time.

LyondellBasell's (LYB) recent development showcases why buying undervalued companies during downtimes is an excellent idea. My last article on the company was "LyondellBasell's Valuation Says Buy" - and the valuation really