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ASIX - AdvanSix gains after Delphi's Scott Black pitches in interview
AdvanSix Inc.
AdvanSix (ASIX) jumped 14% after Delphi Management founder and president Scott Black pitched the shares as a long idea in a CNBC interview.Black expects ASIX earnings may almost double this year and calls it "very cheap" trading at 11.7x with other medium-sized chemicals company like Eastman Chemical trading at 14x and big ones like Dow and Dupont trading at 20x earnings.Black also pitched Arrow Electronics (ARW) as a long. Arrow rose 2.2%.ASIX reports results on Friday.