- 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.
Ferroglobe Slumped, Now What?
December 12th, 2018 · No Comments