Chemtura Corp (fka CHMT)

[Madclown]

Thanks to all who have contributed the great DD that has been shared here. I know it is not pleasant to watch the PPS decline but for those of us who have read about and researched this company for months on end should not be swayed by temporary price fluctuations. Take a deep breath and then go look at the chart to see where we were in March versus where we are now. We have come a long way and still have far to go. IMO, whether your point of entry was in the $0.02s or the $0.30s to $0.40s it still represents a bargain based on where the DD says we might go.

As other have correctly stated, Chemtura is not some pump and dump bk pennystock, although it is trading on the same exchange. Since it trades where it does, it is subject to the same manipulation and does invite the momo players who trade solely based on charts. Congratulations to all who are still holding long-term because you have found a needle in the haystack. Companies like Chemtura with its $1.67 book value per share and positive operating earnings do not find themselves in pinky land very often. It took a perfect storm of frozen credit markets and global economic contraction coupled with the timing of our July bond maturity to bring this $4 billion company into the BK courts. Based on Craig Rogerson’s previous success at Hercules, I am convinced that we are in good hands. With all due respect and empathy for pre-BK stockholders, those of us who bought in post BK should all be thankful that he was not hired sooner and that the asset sale wasn’t consummated before now, otherwise we likely would not have had this opportunity. Hopefully all pre-BK holders were in a position to average down and become whole again as I was fortunate enough to pull off with WAMU.

As I have to remind myself, from time to time, make certain that you find the time that is right for you and observe prudent capital management by pulling some off the table to protect your original investment. After that, enjoy the ride and you will sleep better at night. I look forward to the days when we can all celebrate the parabolic price increases that this stock is famous for. Good luck to all. Have a great day!