CC - Drama At The Chemours Company Opens The Door For Upside

2024-03-29 00:31:52 ET

Summary

• Shares of The Chemours Company have experienced significant volatility in 2024, dropping as low as $15.10 per share and currently trading at $26.26.
• The company has been dealing with internal drama, including the replacement of its CEO and CFO, as well as an internal review of potential material weaknesses in financial reporting.
• Despite these challenges, the company has resolved the internal issues and is making efforts to reduce costs, making it an attractive, albeit speculative, buy prospect due to its cheap valuation.

So far, 2024 has proven to be a heck of a roller coaster for shareholders of The Chemours Company ( CC ), a business that's centered around the sale of various products such as TiO2 pigment that can be used for ultraviolet light protection for architectural and industrial coatings, as well as a variety of other things like plastic packaging and laminate papers. The firm also sells a variety of other offerings such as industrial resins, membranes, Teflon, propellants, refrigerants, and more....

For further details see: