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  "documentTitle": "Huntsman Corporation (HUN)",
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  "presentationDate": "2022-03-02 00:00:00",
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  "notes": "Includes a quote from Barclays (Nov 2021) reinforcing the skepticism regarding management's ability to execute.",
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      "text": "Wall Street consensus estimates for Adjusted EBITDA margins are WELL BELOW the Company’s targeted range",
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      "text": "Wall Street consensus estimates for Adjusted EBITDA margins are WELL BELOW the Company's targeted range",
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      "text": "Huntsman 2021 Investor Day Adjusted EBITDA Margin Target versus Consensus Estimates",
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      "text": "Adjusted EBITDA margin: 16.7%",
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      "text": "We believe Wall Street consensus estimates suggest a high degree of skepticism regarding the Company’s 2021 Investor Day targets as estimated Adjusted EBITDA margins continue to be well below the low-end of the Company’s targeted range.",
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      "text": "There seems to be significant skepticism among Wall Street analysts that Huntsman will achieve its targets.",
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      "text": "For some cynics in Chemicals who have more grey hairs than ourselves, they’ve sat through previous HUN investor days that also felt compelling but ultimately didn’t translate into results...",
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      "kind": "quote",
      "text": "“For some cynics in Chemicals who have more grey hairs than ourselves, they’ve sat through previous HUN investor days that also felt compelling but ultimately didn’t translate into results. There are a number of (fair) reasons for management to believe that “now is different” (upgraded portfolio, much cleaner balance sheet), but that is the historical challenge the stock is facing: Convincing the incremental buyer that this time is different. We think the setup into 2022-23 could be interesting if we get a few more good results on the board, but execution will be the ultimate determinant.” — Barclays, November 2021",
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      "text": "Wall Street Consensus Agrees: Huntsman Does Not Have Credibility On Its Latest Investor Day Promises",
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