Analyst nonsense in evaluating LI stocksThanks to Rinny, Tinker and others we are fully aware of the burgeoning demand for LI. The EPA is considering greatly increasing the pollution restraints on automakers such that only EVs will meet the standards.
we have lived thru the annual Morgan Stanley and Goldmand SAcks bashing of the LI industry. MS is continuing with their nonsense. Look at this report on PILBara.
Pilbara Minerals' Newest Bear Says Stock Has Run Too Hard -- Market Talk
8:49 pm ET April 11, 2023 (Dow Jones) Print
0049 GMT - Pilbara Minerals' share price appears to have run too hard, says Morgan Stanley, measuring its performance versus other lithium stocks. In a note, analyst Rahul Anand starts Pilbara Minerals at underweight with a A$3.15/share target price. MS forecasts Pilbara Minerals' output will rise by 105% over the next three years, lagging the growth rates of Allkem and Mineral Resources. "We see volume the driver for sustained EPS growth over pricing tailwinds," MS says. "Pilbara Minerals is also implying the second highest spodumene price of US$2,250/ton in our coverage, and trades on the highest FY25/FY26 enterprise value-to-Ebitda multiple." Pilbara Minerals' shares are 2.2% lower at A$3.61. (david.winning@wsj.com; @dwinningWSJ)
P paid a 6% div on March 24 2023 and has been going down in price ever since. That was their first ever div and they paid it 4 months early because they were flooded with cash. They spent $560.mill A dollars to virtually double the size of production to 1 mil tons, and they extended mine life at the same time. Wall St , particularly MS and GS are still trying to steal shares. They know where LI is going AND we do as well. Don't let these thieves take your shares. CRE management please get off your butt and get a deal done. You have gold miners all around your LI deposit. They are swimming in cash and gold keeps going up. Drive over and see these guys. Do a deal. Thanks