CALLICL.TA
ICL Group: the cost position moved down the curve
A change in the energy input mix moved this producer down the global cost curve. Cost curve position, not price, determines who survives the trough.
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Discussion · 3
Yael BrennerJUL 30
Been on the sidelines on this one. The mix argument is the part I had not considered properly. Curious whether you would still size it the same at a higher entry.
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Ruth BergmanAuthorJUL 28
Fair challenge. Invalidation is a close below the lock price on volume, and I should have written that into the card rather than leaving it implicit. (710)
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Dana KatzJUL 28
Agree with the direction, less with the magnitude. Splitting volume from price is what makes this legible. What would you need to see to add rather than hold?
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