2024-05-15 21:35:01 ET
Summary
- Cabot Corporation's stock has returned approximately 38% since our 'Buy' recommendation in January.
- The company's Q2 earnings report showed impressive growth in both Performance Chemicals and the Reinforcement Materials business in particular.
- Cabot's cash flow is driving its financials, allowing for increased dividends and stock buybacks, and its forward-looking fundamentals remain bullish.
Intro
We wrote about Cabot Corporation ( CBT ) in January of this year when we upgraded our rating in the stock to a 'Buy' when shares were trading at approximately $74 a share. Since our upgrade, shares have returned approximately 38%, an excellent return over the past four months. Therefore, after divulging the company's second-quarter earnings report (announced on the 7th of May this year), we are standing pat on our 'Buy' recommendation as momentum is certainly with the stock as we learn below....
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For further details see:
Cabot: Reinforcement Materials Strength To Continue To Drive Earnings Forward