Pretty disappointing stuff all round.
They continue to miss guidance, but after 6 years of holding shares, i shouldn't be surprised. Couldn't organise a pissup in a pub these blokes.
I imagine we'll keep on kicking, push through to another quarter where we almost hit a number we said we would 6 months ago. We are no doubt inviting a cheap takeover bid with this performance. Albemarle must be sitting back having a good laugh. The Japanese would be furious. I hear even the Chinese are running around the US (they are still allowed in the US) bagging out ORE about poor quality product and failure to hit guidance.
With that said, i doubt we trade down to the $3's @greyhounder . The long term value of this asset is staggering.
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Pretty disappointing stuff all round. They continue to miss...
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