EMN Stock: Eastman Chemical Is A High Conviction Buy

May 17, 2020
motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

  • EMN has a YTD price return of more than -24%. I say this stock is a great buy-the-dip gambit. EMN now only trades at 0.89x TTM Price/Sales.
  • The COVID-19 pandemic is largely responsible for EMN’s negative performance this year. However, governments will eventually have to ease their restrictions to save the economy.
  • Going forward, EMN has solid upside potential. Buying it now while it is very affordable is judicious.
  • Eastman Chemical Company has a well-diversified product portfolio. It is also an excellent dividend payer.
  • EMN has a bullish one-year algorithmic forecast score from I Know First.

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