Anytime you invest in a commodity-related business, there are likely significant risks related to commodity prices. However, given the financial strength and competitive advantages of the company we review in this report, combined with current and projected commodity prices and demand (respectively), the business appears undervalued and remains in a good position to keep growing its already large dividend payments (which have been increased for 11 years in a row) and share repurchases. If you are an income-focused investor that likes to invest across market sectors, this one is worth considering for a materials sector (chemicals) allocation in your prudently-diversified long-term portfolio.