Tremont's Classy New Look

Nobody paid attention to Tremont when it debuted on the Big Board last October. That's because the titanium producer had just been spun off from Baroid and traded at $1 to $2 a share. That made it a penny stock, which, in the bear market, had all the allure of a toxic-waste dump. Never mind that Tremont was light on debt and rolling in cash.

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