Forget The Panic, Embrace The Potential: Why Albemarle Is Still A Winner
Albemarle(ALB) Seeking Alpha·2024-07-15 09:54
jroballo Introduction On April 8, I wrote an article titled "Dirt Cheap: Why Albemarle Is My Favorite EV Stock In A Horrible Market." As it turns out, the Albemarle Corporation (NYSE:ALB) has gotten even cheaper, falling 25% since then. The ongoing downtrend is so bad that it has pushed the stock below its 2018 highs. While ALB has still returned 10.5% annually since January 2004, it has returned just 57% over the past ten years - a horrible return, given the volatility investors had to go through. Dat ...