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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (48649)7/9/2012 2:49:23 PM
From: E_K_S   of 78676
 
This may be the reason for today's sell off in KRO.

NA Q3 TiO2 flat, first failed price effort in more than 3 years
03 July 2012 19:44 [Source: ICIS news]
goo.gl

Buyers said the third-quarter effort was defeated by excessive inventories stemming from impoverished demand thus far in 2012. Most sources expected demand to remain soft for the remainder of the year.
To me, input prices are no longer rising (and in fact may decline) which should help KRO at least maintain current margins and in fact expand them (in the future).

The key for KRO, is to lock in their long term sales contracts with their key customers (ie gov agencies). If they do, they are a money machine and should generate some healthy FCF. There may be a slight fall off in overall demand but the stock seems to be over reacting down over 7.8% to $14.46/share today.

I may continue to add to my small position if the stock continues to sell off.

EKS
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