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As posted by "The Street" website. Now I am starting to get it
"Highlights from the ratings report include: ? TRONOX LTD's earnings have gone downhill when comparing its most recently reported quarter with the same quarter a year earlier. The company has reported a trend of declining earnings per share over the past two years. During the past fiscal year, TRONOX LTD reported poor results of -$3.73 versus -$1.10 in the prior year.
? The company's net income has fallen into negative territory during the last reported quarter when compared with the same quarter a year earlier. However, since the company had zero dollars in a net income for the prior period, we are unable to calculate a percent change in order to compare its growth rate with that of its industry average.
? Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Chemicals industry and the overall market, TRONOX LTD's return on equity significantly trails that of both the industry average and the S&P 500.
? The gross profit margin for TRONOX LTD is rather low; currently it is at 16.37%. It has decreased significantly from the same period last year. Along with this, the net profit margin of -19.28% is significantly below that of the industry average.
? The debt-to-equity ratio is very high at 2.30 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Even though the debt-to-equity ratio is weak, TROX's quick ratio is somewhat strong at 1.22, demonstrating the ability to handle short-term liquidity needs."
Under $7.00 today? I think so. Dow is up and we are down. How low do we go sub $5.00? Still no word from Casey? Come on!! Tell us what is going on. I believe that there will eventually be an announcement to explain what is going on. It is just not fair that we retail investors are not on the same playing field!
I wouldn't even bother. The overall market is up big today and Tronox continues to go down. Management is doing a terrible job creating shareholder value. Only worried about themselves, IMO
Yeah you were thinking a bottom of around $15.00. I have warrants and have no idea what to do now. They are good for 7 years from the exit of BK.
TIMBERRRRRRRRRRRRRRRRRRRRRR!
Perhaps the divy be cut? Tick Tock, Tick tock
Folks, the stock market is rigged! to create wealth for the rich!
Here we go again! I guess Casey was blindsided with what is happening in the real economy. Still waiting for the company to call me back!
This really sucks. I have a bunch of warrants 406 and 327. I do not know what to do. If I exercise the warrants then it will cost more then they are worth. Help
How low will it go? $5.00, $4.00? Come on Casey tell us retail investors what is going on?
I have 50000 shares in escrow. How much will that be?
Really..............I guess that you were wrong!
It even trades down after hours!
Tronox continues to hit 3 year lows every day! Just wait until there is a major market correction.............then it may hit sub $5.00 IMO
peanuts compared to what I have lost here!
Come on............someone spill the beans!
Don't you agree that this company is poorly managed. I have twice tried to contact HQ and nobody returns your call. Imagine if they have not wasted their money buying that company, and used it all to buy back shares are this price. Instead shareholders will be left holding the bag! I cannot believe how bad this company is run!
I don't buy what you are trying to say. With todays drop again, the dividend year is around 12%. If they are not going BK or cutting then dividend, then why is smart money not buying for the fantastic yield. I got a feeling an announcement is coming soon, for which some already know.
High volume, steep price drop. One has to ask who is selling this low? Do they have insider information? No PR from the company, nothing! At what point should the SEC begin to investigate. At this rate we will be in BK in a couple of weeks, IMO. Dividend cut coming? I thought that the company had a duty to create shareholder value. Someone who bought in the low 30's and held are down around 70%. Come on Casey, please tell us what is going on?
WOW! This stock is like the Titanic! I do not understand why insiders are buying when this stock continues to tank. Why try and catch a falling knife. Got a call in to the company and BOD. Of course they do not respond. They cannot even answer my simple questions.
How low do we go? Sub $7 but the end of the month? I have been pretty good calling this POS.
It happened a week later then I thought!
Nice sell the other day Billie. So glad that you made some good money on your stock options while old shareholders got screwed.
If they announce a dividend cut at tomorrows earnings, then the SEC should investigate the recent trading of this stock!
I hate it when I am right! It amazes me how Craig tries to put a positive spin on the dreadful earnings!
Quote from their filing today:
“Our task in the second half of 2015 is to sustain the performance improvements we have made in the first half of the year, delivering our targets for the full year we described at our Investor Day in February,” said Mr. Rogerson. “Our cost-out initiatives to achieve $50 million of the full annual $62 million run-rate in total cost reductions in 2015 are now fully implemented. The benefit of higher selling prices for bromine and certain bromine derivative products together with the benefit of lower raw material costs gives us the ability to offset continuing lackluster sales volume and the probable weakening in demand for clear brine fluids as lower oil prices result in a decline in investment in off-shore exploration. The strike at our third-party bromine supplier ended in early June, but as they have publicly stated, their production ramp up will be gradual and it will be several months before our supplies return to pre-strike levels,” Mr. Rogerson concluded. “We remain confident that we are on track to achieve our targets in 2015. We also continue to work diligently on defining the next steps in value-creation for our shareholders,” said Mr. Rogerson.
I love that last statement "We also continue to work diligently on defining the next steps in value-creation for our shareholders"
Really, they did not give a shit about the shareholders before they took the company into BK. We are got screwed while they took care of themselves.
Going to tank tomorrow. IMO Outlook for the rest of the year does not look good!
Curious to see who sold out about 10 min after opening? Insiders? This company is run by banchies!
Hope we are still alive, the way this has been playing!
Just under 3 hours left for todays trading! Sub $10.00?
Nooooooooooooooooooooooo! IMO lets see if they go BK!
2 years of gains in less then a month! The market is rigged!
Here we go!
The way the future look this morning, I am looking good for my prediction of sub $10.00 today. Still no PR from the company, no comment from Casey, nothing. I guess we will know what's up when the company reports shortly.
One week to go before the end of July. I think me may go sub 10.00 on Monday and possibly as low as $9.00 by the end of the week. just my opinion. I got a feeling that we get some bad news next week which explains the sudden and dramatic drop. Then we look at the recent trades to see who new what!
I said sub $10.00 by the end of the month. Looks like I might be right. No PR from the company, no statement from Casey. Nothing! Who ever has insider news and is trading on this news, ought to be investigated IMO, by the SEC. Tick Tock! Tick Tock! Please let the cat out of the bag! Come on Casey!
WOW! Come on Management! Tell us what's going on? Someone knows something? Dividend cut? Wonder if the SEC is watching this stock?
I should have said by lunch time
Looks like Ganesh made a wish decision! Lots of insiders sold lots of stock on July 10th. Maybe trying to get what they can out of the company before she tanks again? just IMO
I wish they would have held off from spending their money and just bought back stock at these prices.
At this pace, we may go sub $12.00 by the end of the day