News Focus
News Focus
Replies to #7638 on Q stock Traders
icon url

the cork

08/04/09 7:56 PM

#7640 RE: headnorthw #7638

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 !!