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What do you think of DOW Chemicals?
Symbol (DOW). It hit bottom on March 10th at $5.89 and now it is up to close to $10. This is a company with positive cash flow.
I am sure they will be hurting in their quarterly reports, like everyone else.
Ok thanks, I thought they had positive cash flow & not leveraging. Reading thru the S&P report, they were give BBB rating. Super.
1 Answer
- 1 decade agoFavorite Answer
They have a large bridge loan that they might not be able to get funded through the banks because credit is still not moving. If this continues they will not be able to pull off their merger (take over) with R&H. Their bonds are also barely selling above the 'junk" rate. They are in a jam right now they have some smart people behind the scenes so who knows. Right now, I don't see them in a very good position because they are leveraging like crazy.
Oh, lot's of people are always trying to boycott them and they seem to get sued over everything because most believe they don't do their due diligence with protecting the environment.
