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Gold/Mining/Energy : Titanium Metals Corp (TIE) -- Ignore unavailable to you. Want to Upgrade?

To: Dawgfool who wrote (152)	4/1/1999 9:14:00 PM
From: adam	Read Replies (1) \| Respond to of 229

Dawgfool - Here's what I like about TIE: o Can earn $2 to $3 at the peak of the cycle. o 1999 should be the trough of the cycle, and the company seems to be doing the right things in terms of plant consolidations, overhead and capital cost reductions, work force reductions - so that they project a break-even year in 99 and should be solidly profitable in 2000. o Debt is manageable, stock is selling for a fraction of book value. o Tremont was willing to pay $7.95 a share to exercise an option, and KLH and I have been picking up shares about 25% below that price (in my case, some will be for the long time and some will be traders). o Long term contracts with Boeing and the engine companies. o There are always risks - Russian dumping, or a very prolonged recession in the commercial airplane business for example. But all in all, the risk/reward ratio seems favorable. I hope to see TIE at $10 in a year. Adam