Thursday, April 26, 2007

KOP - Koppers Holdings


Koppers is a global integrated producer of carbon compounds and treated wood products.

The company intends to release its first quarter 2007 financial results before the opening of the markets on Thursday, May 3, 2007.

Koppers is expected to grow earnings to 1.98 next year which gives it a forward P/E of 14.25. Earnings growth is expected to be 14.5% for the next year.

Technically the chart broke out from a 4 month consolidation on big volume (due to a mention on Jim Cramer’s Mad Money show on April 24, where he called Koppers "a subtle way" to play the railroad boom). Both TSV & Money Stream are very bullish.

A stop could be place just under the 50 day Moving Average.

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