Olin Corporation (OLN) is one of the highest paying dividend stocks we cover. We will explain in this report how it is also one of the best stocks to buy now.
Olin Corporation (OLN) is a chemical manufacturing company located in Clayton, Missouri. It operates in three segments. Those segments are Chlor Alkali Products, Chemical Distribution, and Winchester (ammunition). Chlor Alkali Products manufactures and sells chlorine, caustic soda, and other acids and bleach products. Chemical Distribution manufactures bleach products and distributes bleach products, caustic soda, and other hydroxides and acids. And the segment Winchester covers sporting ammunition, military ammunition, and reloading components.
Olin Corporation is an average firm in many ways. Its financial strength, growth prospects, and risk are all average. Its numbers for the efficiency of its operations are mostly average. Its ability to invest shrewdly and profitably has been (and will probably be) average.
But “average” is not a dirty word. A firm that is average may not display outstandingly good performance or possess exceptionally admirable characteristics, but at least an average firm does not possess inferior characteristics either. And if an average firm is modestly priced, then it might present a bargain.
Olin is a very good example of this. Olin does not just have a generous dividend. Olin is very economically priced on many other metrics as well. Most of its price multiples are at slight discounts to the market. Olin is the kind of low-priced company we like best. It is a low-priced company that we would not characterize as junk.
OLN does not earn our highest marks for its overall fundamentals. But it does earn at least above average marks. And we consider it one of the best stocks to buy now.
Stat Sheet – Olin Corporation 4/25/16
|Market Cap||$ 1,639|
(Our assessment of this firm’s fundamentals will be in effect for the rest of calendar year 2016.)
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