Chemtura Corp (fka CHMT)

[fisherman2009]

The PPS did drop some prior to the release of the last two MOR's, however the PPS regained upward momentum not very long after. I believe there were a number of write downs and goodwill taken in the 2nd quarter. Production costs have been cut further as well as other expenses. I think we will see a very good MOR for August, perhaps better than expected. The MOR will probably be available for us on Wednesday, and will show that Chemtura once again operated in the black for another month. By the end of the week the PPS should feel the impact of another good MOR, IMO.