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Huntsman Corp (HUN) Pick

|Includes: Huntsman Corporation (HUN)

Trading at around 4.5-5x EV to EBITDA and coming with a 30-year T Bill beating ~5% dividend, Huntsman Corporation seems to be a pounce on type of value pick at the moment, having fallen a full 14% yesterday during a 49 point drop on the S&P. RSI at 11.61. Titanium Oxide demand is the main culprit for the drop in valuation, but in a multiyear horizon this should be looked at as an opportunity.

Seems plausible it could drop further given recent momentum and market back drop but overall there is a margin of safety here.

Huntsman Corp (NYSE:HUN) - $9.92 as of close Monday September 28th.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.