RIO - Keep Calm And Hold Turquoise Hill Resources
Thesis
Turquoise Hill Resources (TRQ) has recently reported Q4 2018 results. Q4 2018 had been a strong quarter in terms of both revenues and earnings. The company’s strong fundamentals advocate for share price appreciation in the long-term. However, this growth will be gradual and will unfold as the company gradually improves its production profile over the next decade.
In contrast, the company’s short term outlook is troubled by a lack of investor confidence in the stock. This article also covers the reasons for such sentimental weakness. Nevertheless, I believe that TRQ’s fundamental strength