CAG - NL Industries: Tremendous Discount And The Main Liability Is Gone Again
Maybe this time it will be green?
A while ago, I wrote an article on NL Industries (NL) titled "NL Industries, Trading At A Massive Discount, Has Seen A Critical Development". At that time, NL Industries had just reached a settlement with California to resolve its lead paint lawsuit.
Also at that time, NL Industries traded at a 48.2% discount to NAV (Net Asset Value) given the prices CompX International (CIX), Valhi (VHI) and Kronos Worldwide (KRO) traded at. Due to the nature of the