Chemtura Corp (fka CHMT)

[Capital Gains]

Pay attention to the two sentences in Bold...(STOP PREDICTING PPS NEXT WEEK- Not intended for you Arnold!!!)

Rogerson is aiming to announce a major asset sale that could bring in around $700 million - 1 Billion (yes that's 1000 Million) in gross proceeds. The company is in the process of selling multiple businesses to ensure it can pay down that debt and that it gets fair value for its assets. While Rogerson would not name the assets for sale, Chemtura's crop protection and petroleum additives businesses are on the selling block, according to sources in the financial community. In the meantime, Chemtura is undergoing a major restructuring to slash costs, preserve cash and build a solid foundation for future growth.

Rogerson came on board knowing full well that this scenario was likely...he's been in negotiations for almost 1 1/2 months now, when they sell. They will have no debts and all future profits will be free and clear. Kaching!!!