PoPnoStyle

Graftech waiting for a mexican resolution

NYSE:EAF   GrafTech International Ltd.
short term could bump its head on $6
Only to give it up for a better opportunity around $4,50-5

positives
Graftech manufactures electrodes used to make steel will benefit from China re-oppening
the St Marys mine could be up and running end of 2023

Negatives
suspended facility in Mexico could affect ~50% of their Q42022/H12023 production. This will have a massive impact in GrafTech's cash flows
cash and cash equivalents of $109 million and total debt of approximately $921 million."
Could be dead money with the stock drifting lower maybe a late 2023 play

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.