Mercer International: Rising Pulp Prices Could Help Price The Stock Higher (Technical Analysis)
MERCMercer(MERC) seekingalpha.com·2024-05-22 01:30
fabphoto/E+ via Getty Images Intro We wrote about Mercer International Inc. (NASDAQ:MERC) in December of last year when we pointed to green shoots on the horizon for the international pulp company. Encouraging trends presented themselves in the company's third quarter of fiscal 2023 where we witnessed better-than-expected earnings aided by lower production costs. Furthermore, despite the earnings miss in Q4 of last year (impacted heavily by the significant mill downtime in the quarter), momentum again p ...