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XOM - AMG Advanced Metallurgical Group: Significant Upside With Strong Downside Support
Exxon Mobil Corporation
AMG is listed in the Netherlands, but reports its figures in USD. Thus, all financial figures and stock prices included in this article are in “ currency unless otherwise stated. Downside and upside numbers are based on the share price as of 09/03/19.
Shares of Advanced Metallurgical Group AMVMF (AMG in short) were significantly under pressure the last 14 months with a decline of over 60%. Although their Q2 Ebitda declined 53% and their full-year guidance was revised from $200 mln ebitda to $120 mln, this huge drop in the stock was unjustified. My