In agreement with thinkgreen, the current price has placed WLM into a significantly oversold position. Possible buyout/merger along with strong asset value and lawsuit against Eastman Chemical, EASTMAN CHEM CO (NYSE:EMN), and price below the $1 threshold for NYSE listing, are all strong incentives for a move back up over $1 in the short term.

The company not declaring a dividend strengthens the fact management is focused on the long term company outlook and not some short term gains by 'wasting' money they need to restructure.

Wellman, Inc. Dividend Announcement

Nov 19, 2007 6:46:00 PM

Copyright Business Wire 2007

FORT MILL, S.C.--(BUSINESS WIRE)--

The Board of Directors of <org> Wellman, Inc. </org> (NYSE: WLM) has decided not to declare a dividend in the fourth quarter of 2007. The Board concluded that this action is prudent in light of Wellman's operating performance during the third quarter and its current debt levels.

Wellman, Inc. Announces Polyester Staple Fiber Price Increase

Nov 19, 2007 12:14:00 PM

Copyright Business Wire 2007