nealgalt1
12 years ago
Thanks for your input Mailhot. Without more investigation, I will give only a short, and incomplete view at this point....I am high on Titanium, therefore I favor either staying with PCP, or making a play with RTI because of their acquisition of the Virginia Titanium plant. I think the play is aerospace. I'll get a chance to review a little later and will let you know if I hear or see anything of value. Also, I'm a little prejudice, as I am an astronomer. Might be a detriment basing things on too much hope. Neal
mailhot72
12 years ago
I don't think you can go wrong with either company, long term. I always felt there was more upside and potential with TIE, as I felt the would capture more of the potential market in the future.
RTI is solid and has upside of $28 - $30 range from current PPS (up 20% long term) has maintained $20 PPS for last 3 years. Downside is a lot of dumping has occurred over last 6 months.
ATI seems a bit more risky to me at this time. It is like a falling knife right now. Do you really want to try and catch it??
Their revenue dropped a substantial amount resulting in continous drop in PPS. The outlook for 4Q 2012, doesn't look much better. Their current PPS is at a low point that it hasn't been at in almost 4 years. It is now at its lowest PPS in 3 years. Granted this is due to bounce back, the question remains, when?? This was once a $80 - $100 stock. Can it get back there in the long term and bring us some ROI, IMHO, I believe so, but maybe not that high ($40 range), but when will it hit bottom??? This stock is worth 1/2 what it was a year ago. They are at a fragile point now.
Your thoughts????
mailhot72
12 years ago
From what I have seen in the past, companies would normally rollover to stock of the purchasing company, but in this case, you never know.
I am excited that PPS rose 40-45% and have read of a target price of $20 has been established by one financial group. Holding for now, but tempted to take some profit. Unsure of what direction PPS goes from here. I have seen it both ways in the past. Would hold for a while at agreed purchase price of shares (in this case 16.50), and either drop or climb based on news following. Have experienced it both ways.
How about you?