Ticker CEMJQ i'm asking if anyone knows about this company..i've done alot of research. This company has averaged a trading value between $16 & $8, in november when this depression or recession; whatever we want to call it came along, this chemical company was hit hard, and I don't believe the CEO managed this company well during this time. This company averages sales $3.1 billion in sales a year. In febuary they filed for bankruptcy, and that was completed in March. After the restructure, Citigroup came in on April 29th an gave a $400 million dollar dip loan, to help them get back on their feet. They have hired most employees back and their back to almost full production. This company is now trading at 12 cents. My main question is why did Citigroup come in two weeks after they made this dip loan and buy 6 million shares of this company; also two major head funds came in; one bought 27 million shares and the other bought 8 million shares. On May 15, 2009 the teo head fun groups and Citigroup came back in and bought 6 million more shares. Can somebody figure out what the rest of us little guys don't know.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra