Overlooked beneficiary of the global aerospace boom. Over half of TIE's revenues come from aerospace endmarkets.
Titanium will account for about 22% of the total weight of the Boeing 787. To produce a single A380, Airbus requires about 77 tons of titanium. Chen estimates that aerospace manufacturers have a backlog of more than 5,000 aircraft and will require more titanium production to fulfill those orders.
...and getting stronger. TIE holds substantial Cash + Short-term Investments over the years despite the flagging economy while keeping debt at zero. The modest dividend yield (2.6%, currently) says, "We are strong enough to share cash but prudent enough to save for a rainy day." Evidence is found in the ability to not take on debt during the current financial crunch, even though FY2011 shows a lower balance in C+STI. This signals fiscal responsibility in leadership.
HP is quickly bringing to market high-density solid state disk drives based upon a breakthrough technology: the memristor. Titanium dioxide is the key material used. Even if this is slow to increase titanium sales, it is bound to raise the buzz level of the metal once it comes to market this year.