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We spoke to the company today and they declined to make any comments (ph. 972.450.4207). Our feeling is that several other companies that are not as attractive as TIE have been trading at new highs for the year, yet TIE hasn't done so. At least not yet. Their suspicious trading behavior and volatility only suggests to us that TIE is being eyed and gamed by a very big company who would like to addsome Titanium to their portfolio. Regardless of a takeover or not by the likes of rumors that are bouncing around about an acquisition by ATI, AL, or MT, we still feel that you are looking at a stock that will eventually trade at $45 - $50 per share. Banc America's analyst valued TIE several weeks ago at $41.
