As a special request of a long-term reader, I am providing an update on GrafTech (EAF) after the company announced its quarterly results.
In May of this year, when the COVID-19 crisis was still in full swing, the company reported first quarter results. While few corporate events took place ever since, it is time for an update on the operational performance as the company just reported its second quarter results early August. This warrants an update as the investment thesis continues to be very interesting.
On the one hand, the valuations look very low in