EMN - Eastman Chemical Is Cheap: Why Haven't I Bought More?
I bought a small position in Eastman Chemical (EMN) at $59/share in February 2016 for the IMF portfolio that I publicly track at Seeking Alpha. Little did I know that I'd not get a chance to add more at that basis. Early 2016 was the low for a lot of cyclical stocks, including Eastman, and EMN stock exploded to as high as $110/share last year. However, the recession fears that hit late last year sent especially noxious fumes across the chemical sector. Combine with Eastman's soft earnings and the stock took a