
This Fund LogsâŊ$63M Bet on Chemours Even as Shares Remain â80% Below 2017 Highs
âĒBy ADMIN
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A New Yorkâbased investment firm, Cooper Creek Partners Management, quietly opened a position in The Chemours Company (NYSE:âŊCC), acquiring nearly 4âŊmillion shares in the third quarter. The move was disclosed in an SEC filing dated NovemberâŊ14. By SeptemberâŊ30, the stake was valued at roughly US$63.1âŊmillion, amounting to about 1.9% of the fundâs U.S. equity portfolio â which totals around US$3.3âŊbillion across 88 positions.
What stands out: Chemoursâ stock has struggled. This year alone itâs dropped over 40%, and its share price remains almost 80% below its 2017 peak.
So why buy now? The fundâs move suggests conviction in a potential rebound â perhaps betting on stabilization in Chemoursâ business fundamentals, cost control, or future commodity demand. It also signals that some investors view the current low valuation as an attractive entry point, assuming the chemicals market recovers or the company addresses its headwinds.
That said, the steep discount vs. past highs underscores the risk: if underlying challenges persist (e.g. weak demand, commodity pricing, regulatory or environmental pressures), the recovery might be slow or nonexistent. Investors watching this stock should treat the new stake as a calculated â and speculative â bet on a turnaround.
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