Orion: Compelling Buy Following A 22% Panic SellOff
ORNOrion (ORN) Seeking Alpha·2024-08-10 13:50
ithinksky/E+ via Getty Images Orion S.A. (NYSE:OEC) recently published their Q2 2024 earnings results on August 1. In this article, I will provide my rationale on why I believe the 22% panic selloff following the earnings release was exaggerated by shareholders. I will cover the recent headwinds in their rubber segment, including a surge in tire supply from Southeast Asia, and a decline in cogeneration profitability. I considered including an outlook section, where I will revise their financial results, ...