We value Wacker’s first virtual Investors Day as a good approach to communicate with investors, but it failed in a key aspect: helpful information. In essence, management did not provide additional strategic guidance nor additional figures. Our expectations might have been too high, but some cost figures on the months-ago announced cost-cutting measures would had been highly appreciated as, on the contrary, Wacker is willing to accept Polysilicon’s cash drain also for an undefined

16 Jun 2020
Missed opportunity

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Missed opportunity
Wacker Chemie AG (WCH:WBO) | 0 0 (-0.9%) | Mkt Cap: 7,301m
- Published:
16 Jun 2020 -
Author:
Martin Schnee -
Pages:
2 -
We value Wacker’s first virtual Investors Day as a good approach to communicate with investors, but it failed in a key aspect: helpful information. In essence, management did not provide additional strategic guidance nor additional figures. Our expectations might have been too high, but some cost figures on the months-ago announced cost-cutting measures would had been highly appreciated as, on the contrary, Wacker is willing to accept Polysilicon’s cash drain also for an undefined