Dashboard Tools Market News Investing Ideas Pricing About Us
Sign Up
Log in

Eastman Chemical Co
NYSE:EMN

Watchlist Manager
Eastman Chemical Co Logo
Eastman Chemical Co
NYSE:EMN
Watchlist
Price: 79.35 USD 1.7% Market Closed
Market Cap: $9.1B
Write Note Create Alert Ask AI
Financials Section:
Income Statement Balance Sheet Cash Flow Statement
|
Revenue Breakdown

Income Statement

Revenue
+
3Y
-17%
5Y
+3%
10Y
-9%
Operating Income
+
3Y
-30%
5Y
-9%
10Y
-44%
Net Income
+
3Y
-40%
5Y
-1%
10Y
-44%

Earnings Waterfall
Eastman Chemical Co

Income Statement
Eastman Chemical Co

Rotate your device to view
Income Statement
Currency: USD
Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025 Dec-2025
Revenue
Interest Expense
0
0
32
128
64
97
96
130
129
127
126
123
125
123
119
0
106
103
0
102
53
51
78
103
101
102
98
94
90
87
0
85
48
53
79
105
100
93
88
83
83
92
121
148
175
193
189
186
183
184
190
203
230
252
270
266
275
276
277
258
249
239
230
244
243
245
241
238
235
227
224
221
217
217
216
214
212
208
204
201
197
191
186
188
196
208
222
225
223
220
214
216
216
218
221
0
Revenue
5 282
N/A
5 275
0%
5 276
+0%
5 320
+1%
5 525
+4%
5 611
+2%
5 681
+1%
5 800
+2%
5 956
+3%
6 151
+3%
6 356
+3%
6 580
+4%
6 745
+3%
6 821
+1%
6 988
+2%
6 460
-8%
7 100
+10%
7 277
+2%
6 914
-5%
6 779
-2%
6 613
-2%
6 448
-2%
6 687
+4%
6 830
+2%
6 920
+1%
6 990
+1%
7 117
+2%
5 936
-17%
6 128
+3%
5 547
-9%
4 556
-18%
4 396
-4%
4 637
+5%
4 886
+5%
5 565
+14%
5 842
+5%
6 230
+7%
6 613
+6%
6 918
+5%
7 178
+4%
7 241
+1%
7 209
0%
7 656
+6%
8 102
+6%
8 588
+6%
9 175
+7%
9 254
+1%
9 350
+1%
9 348
0%
9 368
+0%
9 443
+1%
9 527
+1%
9 665
+1%
9 738
+1%
9 772
+0%
9 648
-1%
9 441
-2%
9 205
-2%
9 045
-2%
9 008
0%
9 075
+1%
9 197
+1%
9 375
+2%
9 549
+2%
9 853
+3%
10 055
+2%
10 137
+1%
10 151
+0%
9 924
-2%
9 666
-3%
9 444
-2%
9 273
-2%
9 134
-1%
8 695
-5%
8 492
-2%
8 473
0%
8 641
+2%
9 370
+8%
9 968
+6%
10 476
+5%
10 781
+3%
10 912
+1%
10 901
0%
10 580
-3%
10 278
-3%
9 818
-4%
9 376
-5%
9 210
-2%
9 108
-1%
9 147
+0%
9 344
+2%
9 382
+0%
9 362
0%
9 286
-1%
9 024
-3%
8 752
-3%
Gross Profit
Cost of Revenue
(4 416)
(4 433)
(4 471)
(4 541)
(4 767)
(4 841)
(4 913)
(4 990)
(5 095)
(5 261)
(5 409)
(5 602)
(5 603)
(5 575)
(5 647)
(5 100)
(5 764)
(5 965)
(5 655)
(5 514)
(5 393)
(5 269)
(5 500)
(5 638)
(5 677)
(5 735)
(5 847)
(4 852)
(5 160)
(4 640)
(3 678)
(3 364)
(3 467)
(3 592)
(4 142)
(4 383)
(4 615)
(4 908)
(5 202)
(5 609)
(5 699)
(5 660)
(6 015)
(6 340)
(6 641)
(7 032)
(6 947)
(6 574)
(6 593)
(6 633)
(6 761)
(7 306)
(7 383)
(7 393)
(7 368)
(7 068)
(6 883)
(6 762)
(6 676)
(6 651)
(6 754)
(6 851)
(6 979)
(7 186)
(7 514)
(7 642)
(7 667)
(7 672)
(7 452)
(7 309)
(7 241)
(7 039)
(6 897)
(6 676)
(6 546)
(6 498)
(6 645)
(7 064)
(7 501)
(7 976)
(8 329)
(8 471)
(8 581)
(8 443)
(8 162)
(7 788)
(7 403)
(7 149)
(7 044)
(7 068)
(7 144)
(7 092)
(7 037)
(7 054)
(6 962)
(6 906)
Gross Profit
866
N/A
842
-3%
805
-4%
779
-3%
758
-3%
770
+2%
768
0%
810
+5%
861
+6%
890
+3%
947
+6%
978
+3%
1 142
+17%
1 246
+9%
1 341
+8%
1 360
+1%
1 336
-2%
1 312
-2%
1 259
-4%
1 265
+0%
1 220
-4%
1 179
-3%
1 187
+1%
1 192
+0%
1 243
+4%
1 255
+1%
1 270
+1%
1 084
-15%
968
-11%
907
-6%
878
-3%
1 032
+18%
1 170
+13%
1 294
+11%
1 423
+10%
1 459
+3%
1 615
+11%
1 705
+6%
1 716
+1%
1 569
-9%
1 542
-2%
1 549
+0%
1 641
+6%
1 762
+7%
1 947
+10%
2 143
+10%
2 307
+8%
2 776
+20%
2 755
-1%
2 735
-1%
2 682
-2%
2 221
-17%
2 282
+3%
2 345
+3%
2 404
+3%
2 580
+7%
2 558
-1%
2 443
-4%
2 369
-3%
2 357
-1%
2 321
-2%
2 346
+1%
2 396
+2%
2 363
-1%
2 339
-1%
2 413
+3%
2 470
+2%
2 479
+0%
2 472
0%
2 357
-5%
2 203
-7%
2 234
+1%
2 237
+0%
2 019
-10%
1 946
-4%
1 975
+1%
1 996
+1%
2 306
+16%
2 467
+7%
2 500
+1%
2 452
-2%
2 441
0%
2 320
-5%
2 137
-8%
2 116
-1%
2 030
-4%
1 973
-3%
2 061
+4%
2 064
+0%
2 079
+1%
2 200
+6%
2 290
+4%
2 325
+2%
2 232
-4%
2 062
-8%
1 846
-10%
Operating Income
Operating Expenses
(567)
(568)
(570)
(566)
(561)
(563)
(565)
(554)
(584)
(584)
(582)
(597)
(590)
(601)
(609)
(587)
(608)
(604)
(580)
(578)
(502)
(492)
(513)
(576)
(596)
(595)
(594)
(527)
(537)
(523)
(481)
(491)
(491)
(494)
(546)
(586)
(743)
(620)
(619)
(640)
(655)
(671)
(741)
(842)
(895)
(962)
(944)
(838)
(839)
(836)
(856)
(982)
(997)
(1 020)
(1 035)
(1 013)
(1 014)
(992)
(985)
(921)
(893)
(874)
(852)
(826)
(832)
(838)
(832)
(932)
(943)
(928)
(924)
(989)
(957)
(932)
(929)
(1 014)
(1 022)
(1 075)
(1 101)
(626)
(642)
(639)
(620)
(886)
(908)
(941)
(959)
(1 044)
(1 044)
(1 044)
(1 065)
(950)
(952)
(919)
(896)
(972)
Selling, General & Administrative
(407)
(411)
(410)
(407)
(417)
(415)
(415)
(414)
(424)
(428)
(435)
(450)
(449)
(459)
(460)
(439)
(443)
(434)
(421)
(423)
(423)
(419)
(428)
(420)
(433)
(431)
(434)
(384)
(403)
(394)
(367)
(367)
(368)
(372)
(406)
(434)
(444)
(460)
(460)
(481)
(499)
(502)
(561)
(644)
(689)
(748)
(734)
(645)
(642)
(634)
(646)
(755)
(767)
(789)
(796)
(771)
(774)
(754)
(757)
(707)
(699)
(706)
(705)
(729)
(737)
(742)
(736)
(714)
(714)
(693)
(682)
(691)
(664)
(654)
(656)
(654)
(678)
(725)
(761)
(795)
(798)
(779)
(751)
(726)
(719)
(721)
(708)
(727)
(727)
(722)
(745)
(736)
(727)
(704)
(681)
(658)
Research & Development
(160)
(157)
(160)
(159)
(164)
(168)
(170)
(173)
(173)
(169)
(160)
(154)
(150)
(151)
(158)
(150)
(165)
(170)
(159)
(155)
(147)
(141)
(153)
(156)
(163)
(164)
(160)
(143)
(150)
(145)
(130)
(124)
(123)
(122)
(140)
(152)
(155)
(160)
(159)
(159)
(164)
(169)
(180)
(198)
(206)
(214)
(210)
(193)
(197)
(202)
(210)
(227)
(230)
(231)
(239)
(242)
(240)
(238)
(228)
(223)
(222)
(225)
(230)
(227)
(226)
(228)
(229)
(235)
(237)
(234)
(233)
(234)
(237)
(232)
(229)
(226)
(223)
(234)
(244)
(254)
(261)
(265)
(267)
(264)
(261)
(254)
(246)
(239)
(236)
(236)
(241)
(250)
(258)
(265)
(263)
(255)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(7)
(8)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Operating Expenses
0
0
0
0
20
20
20
33
13
13
13
7
9
9
9
2
0
0
0
0
68
68
68
0
0
0
0
0
16
16
16
0
0
0
0
0
(144)
0
0
0
8
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9
28
57
83
130
131
132
133
17
8
(1)
(9)
(64)
(56)
(46)
(37)
(126)
(121)
(116)
(95)
423
417
405
398
104
72
34
(5)
(78)
(81)
(86)
(79)
36
33
50
48
(59)
Operating Income
299
N/A
274
-8%
235
-14%
213
-9%
197
-8%
207
+5%
203
-2%
256
+26%
277
+8%
306
+10%
365
+19%
381
+4%
552
+45%
645
+17%
732
+13%
773
+6%
728
-6%
708
-3%
679
-4%
687
+1%
718
+5%
687
-4%
674
-2%
616
-9%
647
+5%
660
+2%
676
+2%
557
-18%
431
-23%
384
-11%
397
+3%
541
+36%
679
+26%
800
+18%
877
+10%
873
0%
872
0%
1 085
+24%
1 097
+1%
929
-15%
887
-5%
878
-1%
900
+3%
920
+2%
1 052
+14%
1 181
+12%
1 363
+15%
1 938
+42%
1 916
-1%
1 899
-1%
1 826
-4%
1 239
-32%
1 285
+4%
1 325
+3%
1 369
+3%
1 567
+14%
1 544
-1%
1 451
-6%
1 384
-5%
1 436
+4%
1 428
-1%
1 472
+3%
1 544
+5%
1 537
0%
1 507
-2%
1 575
+5%
1 638
+4%
1 547
-6%
1 529
-1%
1 429
-7%
1 279
-10%
1 245
-3%
1 280
+3%
1 087
-15%
1 017
-6%
961
-6%
974
+1%
1 231
+26%
1 366
+11%
1 874
+37%
1 810
-3%
1 802
0%
1 700
-6%
1 251
-26%
1 208
-3%
1 089
-10%
1 014
-7%
1 017
+0%
1 020
+0%
1 035
+1%
1 135
+10%
1 340
+18%
1 373
+2%
1 313
-4%
1 166
-11%
874
-25%
Pre-Tax Income
Interest Income Expense
(135)
(129)
(123)
(122)
(123)
(123)
(123)
(114)
(118)
(112)
(111)
(101)
(109)
63
69
73
81
(87)
(83)
(77)
(74)
(67)
(64)
(39)
(64)
(68)
(78)
(93)
(83)
(89)
(75)
(88)
(85)
(92)
(100)
(106)
(89)
(72)
(69)
(58)
(61)
(74)
(102)
(130)
(165)
(182)
(182)
(182)
(171)
(170)
(162)
(167)
(182)
(198)
(215)
(254)
(251)
(254)
(265)
(269)
(250)
(249)
(242)
(234)
(232)
(232)
(235)
(230)
(229)
(222)
(217)
(217)
(218)
(219)
(220)
(211)
(208)
(202)
(193)
(192)
(179)
(179)
(179)
(179)
(204)
(211)
(223)
(216)
(210)
(207)
(196)
(211)
(207)
(212)
(219)
(208)
Non-Reccuring Items
(438)
(132)
(102)
(5)
(7)
(23)
(520)
(523)
(588)
(651)
(192)
(206)
(143)
(120)
(87)
(79)
(77)
(24)
(33)
(33)
(94)
(93)
(194)
(112)
(129)
(130)
(18)
(6)
(55)
(49)
(43)
(196)
(170)
(176)
(180)
(144)
0
(126)
(133)
8
0
(7)
(37)
(120)
(123)
(141)
(107)
(76)
(86)
(61)
(129)
(77)
(173)
(180)
(130)
(183)
(72)
(64)
(73)
(118)
(115)
(123)
(90)
(14)
23
26
22
(7)
(76)
(97)
(98)
(126)
(108)
(231)
(283)
(220)
(213)
(582)
(595)
(600)
(601)
(105)
(43)
(95)
(120)
(106)
(101)
286
297
297
267
(51)
(49)
(102)
(94)
(98)
Total Other Income
(39)
(23)
(31)
(2)
13
8
10
0
6
(5)
(5)
(10)
(6)
0
3
(4)
(1)
1
(1)
17
19
22
32
5
29
23
13
3
(15)
(15)
(24)
(3)
(15)
(15)
(8)
(3)
(3)
(1)
1
2
(2)
(25)
(25)
(21)
(14)
6
6
(1)
(3)
5
2
(5)
(6)
(19)
(41)
(1)
(25)
(16)
7
0
4
0
4
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Pre-Tax Income
(313)
N/A
(10)
+97%
(21)
-110%
84
N/A
80
-5%
69
-14%
(430)
N/A
(381)
+11%
(423)
-11%
(462)
-9%
57
N/A
64
+12%
294
+359%
588
+100%
717
+22%
763
+6%
731
-4%
598
-18%
562
-6%
594
+6%
569
-4%
549
-4%
448
-18%
470
+5%
483
+3%
485
+0%
593
+22%
461
-22%
278
-40%
231
-17%
255
+10%
254
0%
409
+61%
517
+26%
589
+14%
620
+5%
780
+26%
886
+14%
896
+1%
881
-2%
824
-6%
772
-6%
736
-5%
649
-12%
750
+16%
864
+15%
1 080
+25%
1 679
+55%
1 656
-1%
1 673
+1%
1 537
-8%
990
-36%
924
-7%
928
+0%
983
+6%
1 129
+15%
1 196
+6%
1 117
-7%
1 053
-6%
1 049
0%
1 067
+2%
1 102
+3%
1 216
+10%
1 289
+6%
1 298
+1%
1 369
+5%
1 425
+4%
1 310
-8%
1 224
-7%
1 110
-9%
964
-13%
902
-6%
954
+6%
637
-33%
514
-19%
530
+3%
553
+4%
447
-19%
578
+29%
1 082
+87%
1 030
-5%
1 518
+47%
1 478
-3%
977
-34%
884
-10%
772
-13%
690
-11%
1 087
+58%
1 107
+2%
1 125
+2%
1 206
+7%
1 078
-11%
1 117
+4%
999
-11%
853
-15%
568
-33%
Net Income
Tax Provision
125
13
21
(5)
(7)
(5)
134
108
126
214
69
106
44
(128)
(172)
(222)
(231)
(190)
(176)
(167)
(154)
(146)
(121)
(149)
(140)
(129)
(162)
(116)
(63)
(66)
(88)
(100)
(152)
(184)
(196)
(202)
(259)
(287)
(285)
(274)
(259)
(249)
(233)
(206)
(218)
(243)
(304)
(507)
(498)
(489)
(450)
(235)
(231)
(228)
(237)
(275)
(263)
(226)
(187)
(190)
(180)
(178)
(201)
(240)
(238)
(267)
(220)
(246)
(241)
(204)
(218)
(140)
(141)
(53)
(32)
(41)
(47)
(115)
(57)
(215)
(204)
(291)
(304)
(181)
(190)
(63)
(103)
(191)
(180)
(239)
(318)
(170)
(191)
(164)
(152)
(93)
Income from Continuing Operations
(188)
3
0
79
73
64
(296)
(273)
(297)
(248)
126
170
338
460
545
541
500
408
386
427
415
403
327
321
343
356
431
345
215
165
167
154
257
333
393
418
521
599
611
607
565
523
503
443
532
621
776
1 172
1 158
1 184
1 087
755
693
700
746
854
933
891
866
859
887
924
1 015
1 049
1 060
1 102
1 205
1 064
983
906
746
762
813
584
482
489
506
332
521
867
826
1 227
1 174
796
694
709
587
896
927
886
888
908
926
835
701
475
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(2)
0
0
0
(1)
0
0
0
(7)
(8)
(10)
(11)
(7)
(7)
(7)
(8)
(6)
(6)
(6)
(6)
(6)
(5)
(5)
(4)
(5)
(6)
(6)
(6)
(4)
(3)
(3)
(3)
(4)
(4)
(3)
(3)
(3)
(5)
(7)
(10)
(11)
(12)
(11)
(10)
(10)
(8)
(7)
(4)
(3)
(2)
(1)
(2)
(2)
(2)
(3)
(3)
(3)
(4)
(3)
(2)
(1)
Net Income (Common)
(206)
N/A
(14)
+93%
(18)
-29%
61
N/A
78
+28%
68
-13%
(292)
N/A
(270)
+8%
(297)
-10%
(248)
+16%
126
N/A
170
+35%
338
+99%
460
+36%
545
+18%
557
+2%
500
-10%
408
-18%
380
-7%
409
+8%
381
-7%
372
-2%
297
-20%
300
+1%
356
+19%
366
+3%
446
+22%
346
-22%
215
-38%
165
-23%
166
+1%
136
-18%
235
+73%
318
+35%
387
+22%
425
+10%
577
+36%
649
+12%
653
+1%
646
-1%
564
-13%
523
-7%
503
-4%
437
-13%
526
+20%
611
+16%
765
+25%
1 165
+52%
1 151
-1%
1 179
+2%
1 081
-8%
751
-31%
689
-8%
694
+1%
740
+7%
848
+15%
928
+9%
886
-5%
862
-3%
854
-1%
881
+3%
918
+4%
1 009
+10%
1 384
+37%
1 396
+1%
1 448
+4%
1 537
+6%
1 080
-30%
999
-8%
913
-9%
767
-16%
759
-1%
808
+6%
577
-29%
472
-18%
478
+1%
494
+3%
321
-35%
511
+59%
857
+68%
818
-5%
1 220
+49%
1 170
-4%
793
-32%
692
-13%
708
+2%
585
-17%
894
+53%
925
+3%
883
-5%
885
+0%
905
+2%
922
+2%
832
-10%
699
-16%
474
-32%
EPS (Diluted)
-1.33
N/A
-0.09
+93%
-0.11
-22%
0.39
N/A
0.49
+26%
0.43
-12%
-1.91
N/A
-1.77
+7%
-1.93
-9%
-1.58
+18%
0.8
N/A
1.09
+36%
2.08
+91%
2.8
+35%
3.32
+19%
3.39
+2%
3.05
-10%
2.45
-20%
2.32
-5%
2.46
+6%
2.24
-9%
2.17
-3%
1.77
-18%
1.78
+1%
2.24
+26%
2.36
+5%
2.96
+25%
2.27
-23%
1.47
-35%
1.11
-24%
1.1
-1%
0.92
-16%
1.6
+74%
2.16
+35%
2.63
+22%
5.74
+118%
3.99
-30%
4.47
+12%
4.58
+2%
4.51
-2%
4
-11%
3.69
-8%
3.21
-13%
2.92
-9%
3.35
+15%
3.9
+16%
4.89
+25%
7.44
+52%
7.52
+1%
7.79
+4%
7.19
-8%
4.96
-31%
4.6
-7%
4.63
+1%
4.94
+7%
5.66
+15%
6.23
+10%
5.94
-5%
5.8
-2%
5.77
-1%
5.98
+4%
6.27
+5%
6.93
+11%
9.47
+37%
9.64
+2%
10.05
+4%
10.79
+7%
7.55
-30%
7.13
-6%
6.56
-8%
5.56
-15%
5.48
-1%
5.91
+8%
4.23
-28%
3.46
-18%
3.5
+1%
3.6
+3%
2.36
-34%
3.72
+58%
6.25
+68%
6.25
N/A
9.65
+54%
9.56
-1%
6.35
-34%
5.78
-9%
5.91
+2%
4.9
-17%
7.49
+53%
7.82
+4%
7.43
-5%
7.51
+1%
7.68
+2%
7.91
+3%
7.16
-9%
6.05
-16%
4.1
-32%

See Also

Summary
EMN intrinsic value, competitors valuation, and company profile.
DCF Valuation
EMN stock valuation using Discount Cash Flow valuation method.
Relative Valuation
EMN stock valuation using valuation multiples.
Wall Street Estimates
EMN price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
EMN stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
ALPHA SPREAD
Follow us
Join more than 319,700+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2026 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.