GSM - Ferroglobe: Upside Rally Off Lows To Continue
Coming into 2018, Ferroglobe (GSM) was riding high on operational improvement. The share price had doubled from 2016, which had been a weak year for demand. All that bad news was put in the rear view mirror. Even earlier on during 2018 during Q1 (and to a lesser extent Q2), comps continued to move in the right direction as demand for metallurgical product escalated. However, the weak sequential results in Q2 put the market on edge and the absolute collapse of earnings during Q3 sent shareholders running for the exits. As I spoke