Orion S.A.: Cyclical Downturn Or Post-Pandemic Normalization?

Core Viewpoint - The optimal time to invest in cyclical stocks is just before the business cycle reaches its lowest point, as this typically presents an attractive entry point despite negative earnings trends [1]. Group 1 - The earnings trend for cyclical stocks appears negative at the bottom of the business cycle, which can be misleading for potential investors [1]. - Improving external conditions are expected to drive earnings growth in the future, leading to a potential re-rating of these stocks [1].