RE:RE:RE:Crickets
MuttleyKnows wrote: I am really surprised that the company will miss on plant 2 opening. One day left but looks likely. If it happens then this is fhe first time CV has missed on delivering. Not a good precedent to set for a stock priced for growth. CV should be more careful going forward on things not entirely under his control.
It wouldn't be the first time. They missed the annual guidance target in 2019 due to a disastrous hiring of a "seasoned" Sales exec who was fired that same year.
The upped 2022 guidance was very aggressive especially for Q3. 353K tons produced with a big question mark arpund timing of plant 2 phase 1 commissioning was in hindsight perhaps too optimistic. But long term investors shouldn't get too myopic and fret about what we don't know. Also, Plant 1, it turns out, punches well above its nameplate capacity and so let's just see how things align for the rest of Q3. The chart has weakened and may head back to pierce the 200 dma or even double bottom, which appears an opportunity for those that believe in the bigger picture story. All imo