ASIX - AdvanSix - Not Really Advancing
AdvanSix (ASIX) is a stock which has continuously been on my radar after it was spun off from Honeywell (HON) in the autumn of 2016. In general I like the potential for spin-offs to outperform, as that was the case as well for AdvanSix. Last time I reviewed the prospects for the company was earlier this year. At the time, the company reported strong 2017 results, yet challenges were coming up.
Upcoming headwinds identified by myself include outages as well as elevated capital spending, resulting in pressure on both earnings and