Tronox Inc. (TROX)

[uhlmant]

Hard to tell. KRO enterprise value is near 2B with high insider ownership. I don't know if Tronox can pull off an acquisition. Maybe a merger but it seems a bit big unless there is some super fancy accounting. It appears that the pigment market is getting a bit saturated and with the addition of cheaper (albeit lower quality) Chinese pigment, I don't see this as meeting the criteria for organic growth that will double profit in 4 years. My guess is mineral sands. I'd be willing to bet that the CEO wants to own as much of the raw materials as possible. This would increase the margin on the pigment side and force other pigment producers to buy our feedstock. just a guess