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Description:
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Bob Robotti, founder of Robotti Advisors, discusses his thesis on Westlake Corporation (WLK) and why he thinks "old economy" stocks are poised for a comeback.
My notes on WLK: https://twitter.com/AndrewRangeley/status/1513885052974899200?s=20&t=QiY-1L2H5U3GZ-S5YjGFww
Chapters
0:00 Intro
2:50 WLK Overview
6:10 Diving into WLK's segments and products
10:45 WLK's favorable supply demand dynamics
14:40 WLK's valuation
18:55 WLK's control shareholders and family ownership
22:15 How can WLK acquire so accretively?
28:00 WLK's capital allocation
31:45 Do WLK's segments make sense together?
39:00 Why buy WLK versus peers?
41:40 BLDR and the building products distributors
44:45 Why "don't buy cyclicals at the top" might be wrong today
51:00 What happens if tech stocks stumble / Revenge of the old economy |
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