Replies to post #8386 on Chemtura Corp (fka CHMT)

[GodsaDJ]

Thanks. That does help me and I hope helps others as well.

[nsomniyak]

I would add one additional positive or Pro to this list.

18. CEMJQ's assets are SPECIALIZED (chemicals manufacturing and distribution facilities, customers, market share and market presence). There are not ready substitutes for them (compared to, say, commercial real estate) on the market now or prospectively in the near future. Analogous assets can not quickly be built from scratch. As such, they represent a one-time opportunity to a small list of interested buyers for whom a given asset is a really good fit. Although CEMJQ will not get top-of-cycle prices for any assets sold, the uniqueness of their assets and the ability for those assets to offer a strategic fit for potential buyers suggests, other things equal, that CEMJQ is not doomed to get fire-sale pricing for any assets it sells.

[Xenn]

Kidmaxx...nice synopsis. Also wanted to add that Pilgrim's Pride book value is $1.66. They are currently trading at $3.70 as of Fridays' close (May 8th). The book value was based on their Q 4 2008 balance sheet.

Chemtura's book value is $1.95, which is also based on their Q 4 2008 balance sheet. Someone posted a lower figure...like $1.39 or something???. But my calculations via the equity and outstanding shares per Q 4 2008 gives me: 475/242.65= $1.95.

Someone,please feel free to correct me if I'm wrong.I am a humble minnow who occasionally miscalculates :)

Bear in mind that Chemtura's Q 4 2008 posted a loss of 14 cents per share. Q 1 2009 loss was 11 cents per share. Q2 2009 (end of June)is expected to be +.07 cents per share.

Folks, I strongly believe that, just like Pilgrim pride, Chemtura will also surpass it's Q4 2008 book value (whether it's 1.39 or 1.96, it's rising)

Do the math people...book value is rising and the stock price will rise in tandem with it.