Just found the relevant bit...
...Based on Citi numbers, US-listed Albemarle trades on a forward enterprise value to earnings before interest, tax, depreciation and amortisation multiple of 14 times, FMC Lithium 19 times and 12 times for Chilean company SQM. Orocobre is at eight times, while Galaxy Resources trades at seven times.
John Deniz, of Melbourne-based hedge fund Paragon, says at current prices, the risk versus reward is to the upside, with the big short interest and the market understandably cautious given its history, and not assigning any value to its expansion....
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Read more:
http://www.copyright link/business/...t-shorted-stock-20170519-gw8jgx#ixzz4hnWAgRU4
Follow us:
@FinancialReview on Twitter |
financialreview on Facebook