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Tuesday, October 26, 2010

in TORM $6.50

in TORM $6.50. Low float so NOT A STOCK TO CHASE or for LARGE POSITIONS. Low float stocks can be volatile and dangerous.

Why I bought:
***** TORM 925k Float 1.9m O/S TORM- Bloomberg
***** Unnoticed 0.18 EPS last Quarter, .43 for the 6 months Read Press Release
***** Up against easy comps this quarter See Quarterly Comps
***** Bullish comments from CEO last quarter - The Company said it expects to continue to produce year-over-year improvement in financial results during the second half of fiscal year 2010.
Supplies of Titanium Dioxide reported to be low relative to demand
Read Article
***** Strong stock performance and 19 P/E for KRO which is in similar space

Commenting on the results, Dr. Olaf Karasch, Chief Executive Officer said, "Second quarter marked our highest quarterly sales in more than four and one half years and our sixth quarter of year-over-year improvement in profitability. The continued growth in revenue and profitability is a result of improving market conditions, the successful introduction of new products, and the hard work we have completed over the past two years to improve efficiencies and remove costs from our business. The improvement also reflects the powerful leverage in our business, as a large portion of each incremental sales dollar makes a significant contribution to our bottom line."

"We've come a long way in diversifying our product and geographic mix in the past several years. The addition of several new large customers also diversifies our customer concentration. Greater diversification should improve our ability to deliver consistent growth in revenue and profitability," Dr. Karasch continued.

No comments:

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Welcome to, blog home of Superman. Purpose of this blog is for me to discuss my trades and stock ideas (As well as opinions and rants on stock market related issues). I will mention the date and price I enter. As far as exits, I always try to take half off when I have some profit and if I believe in the stock, let the rest run further. I always also use mental stop limits, at which time I would exit and minimize any losses. I do not like to give price targets unless I can support them by P/E in some way or by comparison to another stock. I just post stock trades and ideas that I believe will go higher (or lower for shorts) and the reason I believe that. Individuals should have their own strategies for managing profits and losses. My stock picks tend to NOT be daytrades at all and many take time to move. I am not an investment advisor and this blog should not be considered or followed as investment advice.