This Fund Bought $63 Million of Chemours Stock Even as Shares Sit 80% Below 2017 Highs

Core Insights - Cooper Creek Partners Management disclosed a new position in The Chemours Company, acquiring nearly 4 million shares valued at $63.1 million during the third quarter [2][3][4] - The new position represents 1.9% of the fund's reportable assets under management [4][6] - Chemours shares are currently priced at $12.79, reflecting a 41% decline over the past year, significantly underperforming the S&P 500, which is up 14% in the same period [4][5] Company Overview - The Chemours Company generates revenue of $5.8 billion and reported a net income of -$320 million [5] - The company offers products including titanium dioxide pigments, refrigerants, advanced performance materials, and industrial chemicals, serving various industries such as coatings, packaging, electronics, automotive, energy, and water treatment [6][8] - Chemours has established key brands like Ti-Pure and BaiMax, leveraging advanced technologies to supply critical materials for high-value applications [6][8] Market Position - The significant investment by Cooper Creek Partners suggests a belief in the undervalued potential of Chemours, despite the stock being down over 40% this year and nearly 80% below its 2017 peak [9] - Recent earnings indicate that Chemours is stabilizing after operational disruptions and continues to generate meaningful cash flow, even amid soft industrial demand [9]