This Industrial Stock Looks Dirt Cheap. Is It a Buy?
Sometimes, when someone is looking for investment ideas and scanning stock screeners, a few companies stand out among their peers in peculiar ways. The Chemours Company (NYSE: CC) is one of those peculiar oddities. Its stock trades at a deep discount to its chemical manufacturing peers, and it's one of the few companies in this industry with a dividend yield above 3%. Moreover, it has a portfolio of specialty chemicals aligned with many long-term global growth trends.
Sounds too good to be true, right? Perhaps, but there is something that the market doesn't like about this stock. So let's take a closer look at Chemours to see why Wall Street is shunning this industrial stock and whether that makes it a contrarian stock to buy.
Chemours is a rather young company, but its roots go much further back as a part of DuPont de Nemours (NYSE: DD). The company was spun off in 2015 and has three primary manufacturing divisions: titanium dioxide, refrigerants and propellants, and fluoropolymers, which are better known by their brand names, such as Teflon. These chemicals are used in a wide range of products and end markets. For example, titanium dioxide is a white pigment and UV-ray blocker commonly found in paints, dyes, sunscreen, and plastics.
Source Fool.com
