News Focus
News Focus
Followers 326
Posts 43033
Boards Moderated 3
Alias Born 02/15/2007

Re: headnorthw post# 7638

Tuesday, 08/04/2009 7:56:39 PM

Tuesday, August 04, 2009 7:56:39 PM

Post# of 9931
CEMJQ Chemtura is one of the quality Q's that all hit reorganization about the same time.

Smurfit Stone Container Corp., AbitibiBowater, Meruelo Maddux Properties, Trump Entertainment, General Growth Properties and so forth.

CEMJQ should emerge from reorganization with a manageable (and greatly reduced) debt load, and be stronger for having gone through the process.

I'd say wait for a good dip and get some more. They were a $7 stock in the last 52 weeks, so even if they only hit 1/3rd of that distressed figure, there's still plenty of room for multi-bag potential.

That group in general, and CEMJQ in particular, are a lot safer than most, the way I see it. GL h.

GLTA !!

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today