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Gold/Mining/Energy : Titanium Metals Corp (TIE)

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To: Bob Richmann who wrote (1)10/10/1997 3:07:00 PM
From: Bob Richmann   of 229
 
Dain Bosworth initiated coverage on 10-9-97 with a neutral rating. Also I believe Smith Barney downgraded the stock to neutral the day after the Boeing announcement.

Estimate of for this quarter, next quarter, this year, & next year are $.67, $.79, $2.55, and $3.44 respectively. This would give about a 40% growth rate with a trailing P/E of 15. That seems like a strange combination for a broker to rate the company NEUTRAL, given the current valuation of the market. Maybe TIMET wouldn't give the analyst a complimentary coffee mug & he got ticked. Time will tell.
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