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The Valspar Corporation (VAL) manufactures and distributes coatings, paints, and related products worldwide. The company's Coatings segment offers decorative and protective coatings for metal, wood, and plastic primarily for sale to original equipment manufacturer customers. Its products include primers, top coats, varnishes, sprays, stains, fillers, and other coatings for use by customers in various manufacturing industries, such as agricultural and construction equipment, appliances, building products, furniture, metal fabrication, metal packaging, and transportation. This segment also offers coatings for the interior and exterior of metal packaging containers primarily food containers and beverage cans; and coatings for aerosol and paint cans, crowns for glass bottles, plastic packaging, and bottle closures. In addition, it provides coil coatings that are applied to metal coils; general industrial products, such as powder, liquid, and electrodeposition coating technologies; and wood products comprising decorative and protective coatings for wood furniture, building products, cabinets, and floors, as well as color design manufacturing and technical services for its customers. The company's Paints segment offers consumer paints, including interior and exterior paints, stains, primers, varnishes, and floor paints, as well as specialty decorative products, such as enamels, aerosols, and faux finishes used in the do-it-yourself and professional markets. It also offers automotive refinish and aerosol spray paints. This segment distributes its products through home centers, hardware wholesalers, distributors, retailers, independent dealers, and company-owned stores. We are now hearing rumors of good news for this stock. One of the rumors states that when the firm report earnings on August 15th, the results will be much better than the Street expects. Shares are heading higher in a bullish "cup & handle" and are expected to move higher in this formation. The stock has a 52-week trading range of $27.44 - $53.75. Shares last traded at $51.14. Should you decide to take a position, wait for the morning volatility to wear off and use a stop-loss of $48.51 (five percentage points below your purchase price.) Be sure touse a limit order and not a market order. Keep in mind that our price target is 10% higher than your purchase price.
