The stock is trading cheaply, suggesting a buying opportunity. The company's future looks bright with stronger cash flows expected to boost share value. However, price volatility could lead to a further drop, offering another chance to buy later.

Westlake's trading at a P/E lower than the market due to its weaker earnings forecast. Its inferior earnings outlook is contributing to its low P/E and shareholders have likely lost confidence in the company's potential.

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1) Decline in US chemical railcar loadings, indicating industry trends
The 4-week moving average of US chemical railcar loadings has reduced for the 43rd consecutive week, with a decline of 7.4% in Week #27. Chemical railcar loadings represent 20% of US chemical shipment tonnage, which indicates the overall demand and activity of the chemical industry. The weekly loadings measure has dropped by 12.9% YoY and s...