Most likely the MOR will be released this week, if history repeats itself. I'm not one for predictions, however if we see a healthy MOR for the month of June, most likely the .20-.25 trading range we have been seeing for the past number of weeks may come to an end. Prior to BK Chemtura had been operating in the red for quite some time, and had not been a profitable company for a number a quarters, hence the BK filing. Now we are post bankruptcy. The economy is no better now than prior to BK, it may even be worse. I may be wrong here but doesn't Chemtura essentially run the same businesses now that it did prior to bankruptcy, except that now these businesses operate on a smaller scale due to restructuring and cost cutting? Last months MOR was much better than what we were led to believe. If the MOR for June shows that Chemtura has now become profitable, wouldn't it be prudent to say that the PPS should begin an upward trend? If Chemtura can show that it has now started to become a profitable company in this business environment, it would make sense that investors would start getting onboard. There is all kinds of speculation as to what events can jump start the PPS. Many think the only thing that will jump start the PPS between now and the time they exit BK is an asset sale. Others think the PPS will see no significant movement until a reorganization plan is put forward. Some don't see any real movement until Chemtura exits bankruptcy. I am not one of those people. I think investors will start getting onboard based on strong MOR's from here forward. If we see a strong MOR for June I believe an upward trend will start. What effect do you see the indication of profitability having on the PPS?
AI
