Eastman Chemical : Specialty Chemical For A Commodity Price

In a little over a decade Eastman Chemical  has transformed itself from a producer of commodity chemicals into a producer of specialty chemicals. Despite Eastman's transformation the stock still trades at the valuation of a commodity chemical company. After paying down debt in 2013 Eastman will be able to use its strong free cash flow in 2014 for repurchases or accretive acquisitions that should lead to a rerating of the stock.

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