FMC - Blue Orca Hits Fertilizer-Focused FMC With Short Report - What's Going On? | Benzinga
Blue Orca Capital is short on FMC Corporation (NYSE: FMC), noting that the company has not disclosed its recent legal setbacks worldwide. The report says, "The dam has broken."
This situation has arisen at a particularly unfavorable moment for FMC, as its revenues have already been severely impacted by a global oversupply of inventory.
FMC recently reported a 30% Y/Y decline in revenue, and this is before generic competition is expected to intensify in key markets, setting the stage for a challenging