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MERC - Mercer International: Likely To Continue To Lose Momentum
Mercer International Inc.
2023-03-19 01:24:34 ET
Summary
The company has been losing momentum over the last year, and it appears that'll continue at least through the first half of 2023.
Even though China is opening up more and should be a modest, positive catalyst for MERC, it'll probably be more than offset by the weak U.S. and European markets.
I think its share price is probably going to fall further, which could offer an opportunity to take a position at an attractive entry point.