Thursday, February 8, 2007

Well I'll Be An ALB

What is up with ALB? The chart, that's what's up. This beast has done nothing but gone up. Why? Well if the latest news is any indication it's because it keeps siding with shareholders by both announcing a 2-1 stock split and a 17% dividend payout increase.

Additionally, it engages in the development, manufacture, and marketing of specialty chemicals for consumer electronics, petroleum and petrochemical processing, transportation and industrial products, pharmaceuticals, agricultural products, and construction and packaging materials.

Can you say "diversified" product mix? It's like its own ETF. It is also a member of the S&P 400 Midcap index which is no slouch either. The problem is we need a pullback before getting excited about any entry soon.

Let's keep an eye on this one.

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