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Ferroglobe Slumped, Now What?

December 12th, 2018 · No Comments

  • The company is hit by rising inventories, unexpectedly falling prices, some volume declines and some special factors, conspiring to deliver very disappointing Q3 results.
  • The company is taking a host of measures, including production cuts, cost savings, an inventory write-down and measures to save cash.
  • Management argues the end markets are healthy but fears about Q3 being the start of a more protracted downturn are difficult to dispel.
  • Much of a downturn is already priced in and given the valuation, the company could even be taken private.

Source: Ferroglobe Slumped, Now What? – Ferroglobe PLC (NASDAQ:GSM) | Seeking Alpha

Tags: GSM