Monday, February 20, 2006

Titanium Bulls Roaring

I have been long Titanium Metals (TIE) since October 2005. TIE was the best performing stock in 2005. Yet while Titanium Metals' shares were up over 400%, insiders continue to accumulate shares on the open market. I am surprised Boeing (BA) has not acquired TIE yet. Especially considering that Titanium Metals is their number one supplier of titanium.

Recent Purchases
Harold Simmons: Chairman & Director Bought 75,000 @ $34.25 (Split Adjusted) on 2/15/06
Harold Simmons: Chairman & Director Bought 145,000 @ $34.66 (Split Adjusted) on 2/14/06
Norman Green: Director Bought 4,000 @ $33.76 (Split Adjusted) on 2/14/06

Harold Simmons and Norman Green have made other purchases from September 2005-October 2005 and are up over 100% on some those purchases.

Aircraft demand pushes titanium sky high, buyers say

Note: I am long TIE


Blogger TraderDave said...

i cant disagree with you on this one. TIE is likely one of the best stocks to hold right now, that is...if you have been in since Oct 2005. :-)

2/21/2006 5:58 AM  

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