Sell The Chemours Company for a 92% Gain
Sell The Chemours Company (NYSE: CC) for a knockout 92% gain.
The Chemours Company has been one of easiest stocks to hold in the past year. The company’s lock on low global warming refrigerant Opteon has propelled revenue and earnings.
However, I expect there may be a pause in revenue growth due to a gap in time before the next deadline for global regulations hit. The European Union mandate for new automobiles had a 2017 deadline. The next deadlines are in 2019 and 2020.
Opteon growth fell to just 8% in the last quarter versus a 24% jump the prior quarter. Although the stock is cheap on an absolute basis, I fear it may get hit if revenue growth flattens for this product.
The Chemours Company reports earnings on February 14, 2018. I suggest selling before that event or perhaps putting a stop loss on your position.
I hope to recommend The Chemours as a long position when demand for Opteon reignites.
Stock Talk
Tom B
Thanks Linda: Another stellar winner, I got in late but still made an astounding 39% in 7 months! I,m rolling the money into CELG.
You must be logged in to post to Stock Talk
Add New Comments
You must be logged in to post to Stock Talk