GLNCY - Glencore: An Update On The All-In Inflation Play
2024-05-09 14:16:23 ET
Summary
- Glencore plc shares have rebounded since the pandemic low, showing a bullish trend supported by rising commodity prices.
- Glencore's diversified commodity portfolio and rising commodity prices are bullish for the company's shares.
- Glencore receives high grades for valuation and profitability, and pays an above-market dividend yield, indicating potential for growth.
It's been a while since I last shared my insights on Seeking Alpha, particularly about one of my favorite mining companies, Glencore plc (GLNCY). What makes my connection to Glencore unique is the shared history. Its late founder, Marc Rich, and I both received our commodity education at Philipp Brothers, a company that dominated the raw material markets in the 1970s and early 1980s. Just as I was about to embark on my two-decade career at Philipp Brothers, Marc Rich left to start his own commodities trading company, which eventually became Glencore....
Glencore: An Update On The All-In Inflation Play