BWS Financial Maintains Hold Rating on Tronox, Inc.

Although TROX reported an increase in volume there was not enough to offset a decline in pricing.
By: BWS Financal, Inc.
 
WOODLAND HILLS, Calif. - May 10, 2013 - PRLog -- BWS Financial, Inc. today released an updated note on Tronox, Inc.  maintaining a Hold rating and price target of $20. Adding, the first quarter results were not much different than management’s commentary during the quarter. The likelihood of TiO2 seeing a price increase this year does seem bleak

Hamed Khorsand, Senior Analyst at BWS Financial, in his note stated the inventory environment has been one where many TiO2 producers have been highly conscious of their inventory levels and usage. Furthermore, the volume increase TROX and other TiO2 makers could be seeing the early signs of some customers trying to replenish their inventory levels in preparation for the warmer months of the year when it’s the peak sales period.

Khorsand noted there is a high degree of expectation among investors of TROX being able to see volume and prices increases in the second half of the year where we believe it is just not as easy. There is greater risk to the downside if price increases are not accepted by the third quarter.  
Contact

Vahid Khorsand, 818-332-9696

About BWS Financial, Inc. BWS Financial, Inc. (CA & NY Registered# 122074) is an independent stock research firm with a focus on companies that receive little or no coverage, but possess the ability of bringing large gains to shareholders. BWS specializes in technology, but also tries to discover stock ideas that might be somewhat off the wall or under the radar.

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End
Source:BWS Financal, Inc.
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Page Updated Last on: May 10, 2013
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