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10/6/2004 11:04
0
amityville
N° messaggi: 175 -
Iscritto da: 04/3/2004
www.timet.com
1999 Broadway, Suite 4300
Denver, CO 80202
Phone: (303) 296-5600
Fax: (303) 296-5640
Email: corporate.denver@timet.com
Yes this one looks interesting. I like titanium.
Titanium Metals
Firm's stock climbs 89.9% in Q1 to level not seen since 9-11
April 1, 2004
When the stock price of Titanium Metals crossed the $100 mark this week, it regained a level it had not seen since Sept. 10, 2001.
For Titanium Metals, which counts the commercial aviation industry as the chief customer for its finished products, the decline was particularly sharp: a drop of 75 percent in the first four trading days after the 2001 terrorist attacks. The company had to use a 1-for-10 reverse stock split in early 2003 to boost its per-share price.
In the first quarter of 2004 Titanium Metals recovered, posting an 89.9 percent gain to make it the top-performing larger stock in Colorado this year.
Titanium Metals, hopes to achieve profitability in 2004, turning itself around after three money-losing years.
The company built its comeback by consistently topping its guidance in 2003. Said Bruce Inglis, the company's vice president of finance: "Each quarter, our results were a little bit better than we previously expected."
No analysts cover Titanium Metals, so there's no "consensus estimate."
The performance culminated in an earnings announcement in January which the company beat its fourth-quarter prediction and forecast 2004 numbers that range from a $5 million loss to a $5 million profit.
Titanium Metals' 2003 results said that it posted revenue gains despite a drop in prices, due to increased sales volume. On Feb. 23, Titanium Metals said it intended to pass along increases in its raw materials to customers with an immediate 8 percent to 11 percent price increase. Inglis: "Anytime you can get a price increase for your goods, it's a good sign."
Then, the company announced March 24 it would resume paying dividends on its convertible preferred securities. The company had the right to suspend dividends, which it did in 2002, Inglis said. Now it will pay all the accumulated dividends on April 15, plus new ones, starting June 1.
Titanium Metals will do a 5-for-1 stock split later this year, partially undoing last year's reverse split.
Approx 68 percent of the company's 2003 revenue came from sales to the aerospace industry. The company counts Boeing Co., Rolls- Royce and United Technologies Corp. as major customers.
Inglis said that expectations for the commercial aerospace industry had been flat for 2004 but have been improving.
"That," he said, "could bode well for the future."
' target='window'>http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=TIE&script=410&layout=-1&item_id=378763
' target='window'>http://www.theonlineinvestor.com/split_center.phtml
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2 di 2
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18/6/2004 11:19
0
billy-bob
N° messaggi: 71 -
Iscritto da: 04/3/2004
thanks for the split link. chart looks weak to me, resistence around $50 to $60
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1999 Broadway, Suite 4300
Denver, CO 80202
Phone: (303) 296-5600
Fax: (303) 296-5640
Email: corporate.denver@timet.com
Yes this one looks interesting. I like titanium.
Titanium Metals
Firm's stock climbs 89.9% in Q1 to level not seen since 9-11
April 1, 2004
When the stock price of Titanium Metals crossed the $100 mark this week, it regained a level it had not seen since Sept. 10, 2001.
For Titanium Metals, which counts the commercial aviation industry as the chief customer for its finished products, the decline was particularly sharp: a drop of 75 percent in the first four trading days after the 2001 terrorist attacks. The company had to use a 1-for-10 reverse stock split in early 2003 to boost its per-share price.
In the first quarter of 2004 Titanium Metals recovered, posting an 89.9 percent gain to make it the top-performing larger stock in Colorado this year.
Titanium Metals, hopes to achieve profitability in 2004, turning itself around after three money-losing years.
The company built its comeback by consistently topping its guidance in 2003. Said Bruce Inglis, the company's vice president of finance: "Each quarter, our results were a little bit better than we previously expected."
No analysts cover Titanium Metals, so there's no "consensus estimate."
The performance culminated in an earnings announcement in January which the company beat its fourth-quarter prediction and forecast 2004 numbers that range from a $5 million loss to a $5 million profit.
Titanium Metals' 2003 results said that it posted revenue gains despite a drop in prices, due to increased sales volume. On Feb. 23, Titanium Metals said it intended to pass along increases in its raw materials to customers with an immediate 8 percent to 11 percent price increase. Inglis: "Anytime you can get a price increase for your goods, it's a good sign."
Then, the company announced March 24 it would resume paying dividends on its convertible preferred securities. The company had the right to suspend dividends, which it did in 2002, Inglis said. Now it will pay all the accumulated dividends on April 15, plus new ones, starting June 1.
Titanium Metals will do a 5-for-1 stock split later this year, partially undoing last year's reverse split.
Approx 68 percent of the company's 2003 revenue came from sales to the aerospace industry. The company counts Boeing Co., Rolls- Royce and United Technologies Corp. as major customers.
Inglis said that expectations for the commercial aerospace industry had been flat for 2004 but have been improving.
"That," he said, "could bode well for the future."
' target='window'>http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=TIE&script=410&layout=-1&item_id=378763
' target='window'>http://www.theonlineinvestor.com/split_center.phtml