Agree with ofirm that it could be in the money in the future, and the market is saying so for now...any price is possible if supply/demand is perfect, operation executed well, market keeps rising....But just don't count on $100 out of the gate. KRO comparison is interesting...two companies do has similar sales. Unfortunately Tronox as least for now has much lower gross margin, even post BK. That's why Tronox's financial projection is not as profitable as KRO. You've got to read bal sheet/income stmt if you truly want to invest in long term. Good luck.
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