Tronox Inc. (TROX)

[10nisman]

I knew it couldn't hold onto the small gain this morning. I am going to predict a low of $12.00 this year, possibly 10 with a dividend cut! How's that for a guess!

There is no reason for a dividend cut as TROX is well capitalized. With its acquisition of Alkali Chemicals it will begin to generate consistent EBITDA and free cash flow. Also, if there's a turnaround in the TiO2 business (prices stabilize - possibly through consolidation) there's significant upside to TROX. The wildcard is whether a potential merger between TROX and Chemours (CC) can be signed up that will result in no significant limitation to TROX's NOL's.