Keeley Funds Comments on Huntsman Corporation

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May 06, 2016

Perhaps the only benefit of volatility for investors is that it sometimes gives you the opportunity to buy stocks at unusually attractive prices. In the first quarter, we took advantage of a nearly 30% intra-quarter decline in the price of Huntsman Corporation (NYSE:HUN) to add the stock to the portfolio. Huntsman is a specialty chemical company that is also a supplier of commodity titanium dioxide (TiO2). Losses in TiO2 obscured the value of the core business. The stock managed to nearly recover its year-end price driving a strong gain for the Fund’s holdings.

From the Keeley Mid-Cap Dividend Fund first quarter 2016 commentary.