#Ortelius media free

In 2014, the Board of Directors (the 'Board') approved the $73 million acquisition of the Company’s specialty waxes and custom processing businesses. Trecora’s stock price returns, on an absolute basis and when compared to the broader market, relevant indices and peers and over multiple time periods, are consistently abysmal.ĭespite Trecora’s numerous strengths, first-class facilities, and excess capacity, unit sales have stagnated for years, while capital has been grossly misallocated.

#Ortelius media free

1 While we believe that Trecora has significant upside potential based on its top-quality assets, favorable industry dynamics, and considerable free cash flow capabilities, Ortelius is deeply concerned by the Company’s chronic undervaluation and disappointing performance. (together with its affiliates, 'Ortelius,' 'we,' or 'us') owns approximately 11.3% of the outstanding common stock of Trecora Resources ('Trecora' or the 'Company'), making us the Company’s largest stockholder. NEW YORK, February 07, 2022-( BUSINESS WIRE)-Ortelius Advisors, L.P., which collectively with its affiliates is the largest stockholder of Trecora Resources (NYSE: TREC), today issued the following open letter to fellow stockholders. Issues Letter to Stockholders to Outline the Case for Meaningful Change Atop Trecora Following Years of Stagnation and Underperformance