Management clearly missed the right time to define the right strategy for Polysilicon. It looks to us as if the division will turn out to become a money tomb, despite the fact that it has good access to the largest photovoltaic market, China. The recent profit warning and the initiation of a cost-cutting programme underpin our view: should Polysilicon still stay with the company? We would say: PolysilEXIT! Additionally, management will miss FY guidance and adjusted it accordingly.
17 Oct 2019
Missed!
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Missed!
Wacker Chemie AG (WCH:WBO) | 0 0 (-0.9%) | Mkt Cap: 7,301m
- Published:
17 Oct 2019 -
Author:
Martin Schnee -
Pages:
2
Management clearly missed the right time to define the right strategy for Polysilicon. It looks to us as if the division will turn out to become a money tomb, despite the fact that it has good access to the largest photovoltaic market, China. The recent profit warning and the initiation of a cost-cutting programme underpin our view: should Polysilicon still stay with the company? We would say: PolysilEXIT! Additionally, management will miss FY guidance and adjusted it accordingly.