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   Non-TechLYONDELL CHEMICAL


To: Herc who wrote ()2/16/1999 8:38:00 PM
From: Gustav G. Widmayer
   of 2
 
IMHO, it's a very mature market. From a value perspective, sure, they all look attractive, but hey! they may stay down for years? Where's the growth?

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To: Gustav G. Widmayer who wrote (1)2/16/1999 9:08:00 PM
From: Herc
   of 2
 
I made a few thousand when it bounced from 15 to 23 in the fall, but for now I'm taking a wait and see attitude.
I would imagine a company of this size will have the financial skills to somehow raise funds to get out of debt before the deadline in July.
If the third world picks up, I guess that would be good for commodity chemicals.
I would imagine one could make some money nimbly trading it.
I would also imagine it's just a matter of time before they cut their dividend.

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