I hope you are long on TIE because I do believe things will be improving soon for those who are long. What do I base these thoughts on? Some very large insider buying I just found at the Insider Trader site:
TITANIUM METALS, TIMT(now TIE of course), $7,315,364, 549,100 shares,
7 insiders - V,V,C,V,V,V,B, shares bought between 9/08/98-8/07/98, average purchase price: $13.32
An ongoing stock repurchase plan? Expected to earn $3.80 a share next year? I guess this isn't a real sexy stock play but it's certainly undervalued. I just don't see much downside risk here.
wsrn.com
What the heck is it doing trading at 14 1/8?
quote.yahoo.com
InvestRight
Subject 22744
Regards, Jeff |
