Takeover potential adds appeal

Article Excerpt

CHEMOURS CO. $27 is a buy for aggressive investors. The company (New York symbol CC; Manufacturing & Industry sector; Shares outstanding: 164.5 million; Market cap: $4.4 billion; Takeover Target Rating: Highest; Dividend yield 3.7%; Takeover Target Rating: Highest; www.chemours.com) makes a variety of chemicals, including titanium dioxide (TiO2), a popular pigment; refrigerants and Teflon coatings; and chemicals for gold production, water treatment and other industrial uses. Chemours began trading in July 2015 after DuPont (New York symbol DD) spun off the company. Those new shares initially dropped from around $21 each to $4 by early 2016. They then soared to $57 in October 2017 before falling to $7 in March 2020. The shares continue to rebound as the global economy bounces back from the COVID-19 pandemic. As well, its patent-protected products boost the potential for a takeover. The $1.00-a-share dividend offers you an appealing 3.7% yield. Chemours is a buy for aggressive investors. investors. …