Pre Bankruptcy vs. Post Bankruptcy. I probably won't make much sense here, but nonetheless I'm going to attempt to make a point. Correct me if I'm wrong but doesn't Chemtura essentially have the same debts now that it did just before filing chapter 11, with the exception of perhaps the DIP money it has used? It may owe a bit more interest on it's debt now than it did before chapter 11, however the amount of debt due "now" hasn't changed much. MOR's indicate that Chemtura has now been profitable for the past few months, something it had not done for months prior to bankruptcy. My point here is that investors know why Chemtura went into bankruptcy, they wanted to stall paying their 2009 debts through reorganization. Now chemtura is making a profit, something it wasn't doing pre BK. It's stock price was $8 not that long before chapter 11. I see no reason why the PPS should be where it is. The stock price should be gradually rising based on the fundamentals we are currently seeing. The trading activity we have been seeing these past few weeks indicate only "one" thing. Someone believes in the future of this company and is doing some heavy accumulation, with the help of someone or some group who is intentionally holding the price down. Eventually the sellers will be weeded out, and those who plan to hold will be left. If the buyers want shares they will have to "ante up". Hold your shares, it may take awhile, but your patience will be rewarded.
AI
