8.81%F 2.87 
6.69%SPY 86.02 4.52%
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NEW YORK - Shares of Spartech Corp. jumped more than 15 percent Tuesday as an analyst said the stock was cheap despite disappointing quarterly results.
| SEH | 5.8 |  0.23 |
Shares soared $1.96, or 15.4 percent, to $14.69 in afternoon trading.
Late Monday, the Clayton, Mo.-based company said its fourth-quarter earnings fell 86 percent on weak demand for plastics in residential construction and other markets.
KeyBanc Capital Markets analyst Michael J. Sison reiterated his "Hold" rating, adding that the demand for the U.S. plastics industry could get worse in 2008 and plastic resin prices could rise even higher.
"While the stock is cheap on most measurements, the Spartech turnaround could take well more than a year to gain traction and we continue to worry about weak operational execution over the last few quarters," Sison wrote in a note Tuesday.
Ultimately, Sison believes the stock could be an attractive play for an investor with a long-term view.
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