Titanium Metals (TIE) is a producer of titanium melted and mill products. This light weight, super strong metal is used in products from airplanes to golf clubs. The outlook for industrial metals has cooled with the recent slow down in the global economy and aviation “woes.” Titanium prices have been falling at the same time sales volumes dipped.
Counterargument: I’m going to go out on a limb and say that declines in titanium are not permanent but cyclical. The company has zero debt and is still posting profitable quarters. They have the strength to ride out the cycle. There has been some recent insider buying activity which should hint at management’s thoughts on the subject.
- 52 Week High Price: $36.50
- Recent Price: $10.50
- Decline from 52 Week High: 71%
Chart courtesy of StockCharts.com
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