Titanium Metals Corporation (NYSE:TIE) is a Dallas-based titanium producer with facilities in the US and Europe. Recent reports have shown its shares being widely accumulated on heavy volume.
What’s motivating the activity? For the inside scoop, we check in for analysis from Chris Mayer, editor of Agora Financial’s Capital & Crisis newsletter:
“Titanium Metals (NYSE:TIE) has been on fire. The stock was up about 15% this week, and is now up about 90% since last August, a time when it was down and out. Our thesis was that the long-term demand for titanium for the next generation of aircraft was inevitably going to rise. (more)
I agree, it's the perception change that Boeing's Dreamliner project will be a success and a catalyst in the aviation industry, leading to enhanced demand for titanium. Also, the stock had clearly hit bottom.
ReplyDeletehttp://www.prooftrader.com/AnalystCoverage.aspx?ArticleID=467
(I call the stock a buy at 14.41. Still a buy today though.)