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Bob Robotti on WLK and the revenge of the old economy
Bob Robotti, founder of Robotti Advisors, discusses his thesis on Westlake Corporation (WLK) and why he thinks "old economy" stocks are poised for a comeback.
My notes on WLK: https://twitter.com/AndrewRangeley/status/1513885052974899200?s=20&t=QiY-1L2H5U3GZ-S5YjGFww
Chapters
0:00 Intro
2:50 WLK Overview
6:10 Diving into WLK's segments and products
10:45 WLK's favorable supply demand dynamics
14:40 WLK's valuation
18:55 WLK's control shareholders and family ownership
22:15 How can WLK acquire so accretively?
28:00 WLK's capital allocation
31:45 Do WLK's segments make sense together?
39:00 Why buy WLK versus peers?
41:40 BLDR and the building products distributors
44:45 Why "don't buy cyclicals at the top" might be wrong today
51:00 What happens if tech stocks stumble / Revenge of the old economy
Published on 3 years, 8 months ago