Celanese Corp | CE | Long at $39.64Celanese Corp is another chemical company (like Dow Inc) crushed by tariffs and economic headwinds. It's dropped -78% in one year.... However, this is a very strong company with strong credit market interest and no immediate liquidity crisis. From a technical analysis perspective, this... like in 2008 and 2020... is the time to gather shares given it has reached the "abysmal crash" levels based on my selected simple moving averages. In the past, recovery to new highs has taken 1-2 years. History doesn't always repeat, but fear is opportunity in the stock market. If negative news continues to reign, a dip into the high $20's isn't out of the question.
If the company can squeak through 2025 and not continue to stack debt (debt/equity=2.43x), the growth opportunity into 2027-2028 looks promising.
I'm keeping my targets into 2026 low, but this could be a good buy and hold for the right investor.
Targets:
$47.00
$54.75
