Short article on an interesting situation. Orion Engineered Carbons (“Orion”) is valued as a commodity business, yet half of its earnings come from a specialty chemicals business with a secularly growing end market (electric vehicles). Don’t let the commodity portion of the business scare you off; the commodity segment seems to be at the beginning stages of an up-cycle with demand growing significantly faster than supply.
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Thanks for sharing, worth to look further. Cheers.