TIE's net income in 2007 fell 4.7% from net income in 2006 to 268 million USD due to higher than expected costs of raw titanium, which TIE uses in its processed titanium products business.
Annette Simmons, the wife of Harold Simmons and a 10% owner in TIE, continued to accumulate nearly 76000 shares on weakness following the Q107 earnings call.
From December 22 2006 to Jan 4 2007, Harold Simmons accumulated 100,000 more shares. From the end of January to February, TIE stock rallied over 30%.
From July 14th to July 28th of 2006, Harold Simmons--the chairman of the board--accumulated approximately 376000 shares. This accumulation was expertly timed near the bottom, and marked TIE's second half reversal.