NewMarket Corporation. Independent research, analysis and opininons on NewMarket Corporation.
| Company: |
NewMarket Corporation |
| Ticker: |
NEU |
| Profile Price: |
$17.74 September 15,
2005 |
| Sold Price |
$43.28 April 11, 2006 |
| Gain (loss) |
+144% |
| Valuation: |
$303 million |
| Website: |
http://www.newmarket.com |
| Disclosure: |
This recommendation was made
prior to formation of Stock Aware, LLC |
| Original Hot Points of
Research and Analysis: |
•
NewMarket Corporation is the
parent company of Afton Chemical Corporation and Ethyl
Corporation. Afton Chemical develops and manufactures
petroleum additives that enhance the performance of
lubricating oils and fuels. From custom-formulated chemical
blends to market-general additive components, Afton helps
fuels burn cleaner, engines run smoother, and machines last
longer. Afton markets two product lines, lubricant additives
and fuel additives. .
•
Ethyl Corporation manufactures diesel cetane improver and
gasoline performance additives, and provides terminal
storage and distribution services as well. Ethyl also has a
significant interest in the tetraethyl lead business through
marketing agreements with Associated Octel Company Limited,
which generates strong cash flow for the company.
•
Recent growth in revenues and earnings per share leads us to
believe the stock is undervalued.
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