OEC - Orion Engineered Carbons Catching The Cycle
Orion Engineered Carbons (OEC) is a Luxembourg-based global producer of specialty and rubber carbon black. Specialty carbon black is used for coatings, ink, plastics, and a variety of other products. Rubber black, a commoditized product, is used in high-performance tires.
Historically, Orion's largest customer base has been tire manufacturers, a cyclical business. The current strategy has been to diversify into other applications for rubber black. In this article, I will discuss how the company is achieving their stated goal, the catalysts, the stock technical pictures, fundamentals, and set a price target.
Strategy
Orion's