CCMP - Why CMC Materials Is Still No Bargain Even If It Is Down Big
- CCMP had some positive news to share in the Q3 report, but it was overshadowed by a number of negatives.
- Revenue reached a new all-time high, but earnings are under pressure with the arrival of a number of headwinds, including higher inflation.
- The stock collapsed following the Q3 report, similar to Q2, but that opens up some intriguing possibilities with the stock down big.
- While long CCMP could pay off in the short term, sustaining a prolonged move higher will be difficult with the way the cards are laid out.
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Why CMC Materials Is Still No Bargain Even If It Is Down Big