Stepan Company Is Making Great Progress
Stepan(SCL) Seeking Alpha·2024-07-28 22:41
Anchiy The last few months have not been particularly pleasant for shareholders of surfactants and specialty products firm Stepan Company (NYSE:SCL). You see, back when I last wrote about the company in February of this year, I rated the business a ‘hold’. This was based on declining revenue, profits, and cash flows. Management attributed these problems to weak demand for its products, as well as inventory destocking of its customers. Another factor in this decision was the fact that shares of the busin ...