StockIceMan's Weekly Stock Pick
Week of June
23rd, 2003
| Stock: |
OM Group, Inc |
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| Ticker Symbol: |
OMG - NYSE -
Chemicals |
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| Buy: |
14.00 to 14.75 |
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|
| Sell: |
18.00 + |
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| Info: |
OM
Group, Inc., through its
operating subsidiaries, is a
vertically integrated
international producer and
marketer of value-added, metal-based
specialty chemicals and related
materials. More than 625
different product offerings are
supplied for diverse applications
to more than 30 major industries.
Typically, the Company's products
represent a small portion of the
customer's total cost of
manufacturing or processing, but
are critical to the customer's
product performance. The Company
operates in three business
segments: base metal chemistry,
precious metal chemistry and
metal management. Base metal
chemistry products are
predominantly produced from
cobalt, nickel and copper.
Precious metal chemistry products
are predominantly produced from
platinum, palladium, rhodium (collectively,
platinum group metals), gold and
silver. The metal management
segment acts as a metal sourcing
operation for both the Company's
operations and customers,
primarily procuring precious
metals. |
| Financial Info: |
For the
three months ended 3/31/03,
revenues increased 14% to $1.32
billion. Net loss from continuing
operations totaled $4.8 million
vs. an income of $24.7 million. |
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| Key Ratios: |
Current
Ratio: 3.01; Total Debt/Equity: 2.53,
P/E: N/A, Price/Book: 0.90, Price/Sales:
0.08 |
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| Share Info: |
There are 28.4
million shares outstanding with
21.6 million shares in the
trading float. 268 institutions own
approximately 72.0 % of the
shares outstanding. There have
been 8 insiders buying a total of
974,000 shares and 1 insider
selling a total of 10,000 shares
in the last six months.
As of 5/8/2003, there were 3.77
million shares short.
Net Institutional Buying: 4.59
million shares: prior to latest
quarter. |
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| Articles: |
S&P may now
raise OM Group corporate credit rating |
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