Bob Robotti on WLK and the revenge of the old economy

Bob Robotti, founder of Robotti Advisors, discusses his thesis on Westlake Corporation (WLK) and why he thinks "old economy" stocks are poised for a comeback. My notes on WLK: https://twitter.com/AndrewRangeley/status/1513885052974899200?s=20&t=QiY-1L2H5U3GZ-S5YjGFww Chapters 0:00 Intro 2:50 WLK Overview 6:10 Diving into WLK's segments and products 10:45 WLK's favorable supply demand dynamics 14:40 WLK's valuation 18:55 WLK's control shareholders and family ownership 22:15 How can WLK acquire so accretively? 28:00 WLK's capital allocation 31:45 Do WLK's segments make sense together? 39:00 Why buy WLK versus peers? 41:40 BLDR and the building products distributors 44:45 Why "don't buy cyclicals at the top" might be wrong today 51:00 What happens if tech stocks stumble / Revenge of the old economy