03/26/10 Stockholm, Sweden – 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.
“This week, Boeing announced that it would be expanding production, and titanium stocks rallied. As one analyst from D.A. Davidson & Co. put it: ‘We believe the successful adoption of composites and titanium in the Boeing 787 Dreamliner is a game changer, as it will set the stage for significant future adoption and lead to significantly higher demand.’
“So the market is coming around to the idea, but there is still plenty of upside in the stock, as it’s still pretty early.”
According to Mayer, the long-term demand picture is positive and the recent news from Boeing is also a good sign. To get more details on Titanium Metals Corporation, and specific investment actions he recommends, you can visit the Agora Financial research page which includes more details on Capital & Crisis.
You should also consider joining us in Vancouver to see Chris Mayer speak in person at the Agora Financial Investment Symposium. You can find more information about the July event here.
Best,
Rocky Vega,
The Daily Reckoning
[Nothing in this post should be considered personalized investment advice. Agora Financial employees do not receive any type of compensation from companies covered. Investment decisions should be made in consultation with a financial advisor and only after reviewing relevant financial statements.]
Rocky Vega
Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let’s Go Publications, Harvard Student Agencies, and The Harvard Advocate.
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What about carbon fiber companies. You think that Boeing is increasing Titanium demand, the 787 is the first commercial carbon fiber fuselage. Find a small composites fabrication company on the east coast that is not salivating over the idea that 787 production is moving to South Carolina.