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Neo Performance Materials Inc T.NEO

Alternate Symbol(s):  NOPMF

Neo Performance Materials Inc. is a Canada-based company, which is engaged in the green energy transition by manufacturing the building blocks of many technologies that enhance sustainability. The Company's segments include Magnequench, Chemicals and Oxides (C&O), Rare Metals and Corporate. The Magnequench segment manufactures bonded neodymium-iron-boron (NdFeB or neo) powders and bonded permanent magnets. This segment produces bonded magnets (Magnequench Magnets) made from its various Magnequench powder grades. The C&O segment manufactures and distributes a range of advanced industrial materials. Applications from these products include automotive catalysts, permanent magnetics, medical devices, and wastewater treatment. The Rare Metals segment sources, reclaims, produces, refines, and markets specialty metals and their compounds. These products include both high-temperature metals (tantalum, niobium, hafnium and rhenium) and electronic metals (gallium and indium).


TSX:NEO - Post by User

Comment by Canoutchieon Feb 22, 2021 8:25pm
106 Views
Post# 32633281

RE:from seeking alpha - Wall Street Breakfast

RE:from seeking alpha - Wall Street BreakfastThanks for the article. Here's my two cents. While input costs for Neo Performance might rise, Neo still has relatively little competition for what it produces. In addition, there is growing demand for what it produces, so it should be able to pass on any increase in input costs. Lastly, secular and cyclical tailwinds still favour Neo Performance as GDP growth will continue to climb as we exit the pandemic, and clean tech industries are using more of what Neo Materials supplies. I've recently added to my Neo Performance position in the mid $15 range, which I thought presented an attractive price in the aftermath of the $15.75 secondary offering. GLTA
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