Friday, October 14, 2005

Stock Pick: Titanium Metals (NYSE: TIE)

I initiated a position in Titanium Metals (NYSE: TIE) today. We are closing in on the end of the first year in a three year aerospace cycle. Titanium prices have skyrocketed as demand continues to rise. Titanium Metals is a supplier to Boeing and many other companies across the globe. Only one analyst follows the stock, so there is plenty of room for upside "buy" recommendations. Earnings will be blowout and there is lots of insider buying, which is always a good sign. The stock is volatile, so be careful, and if it pulls back 3 or 4 points I will add to my position.

I sold some of my position in Tyco (TYC) and United Health (UNH) today to fund this purchase.


Blogger Salbert said...

I agree with you on TIE but I disagree with selling UNH. Check out my blog at A.S.A.P. because it is updated often.

10/15/2005 11:00 AM  

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