“Albemarle said Tuesday it has secured a $90 million grant from the US Department of Defense to support the reopening of its lithium mine in Kings Mountain, North Carolina.” (9/12/23)
48.4% upside (finbox models) 4.5% Free cash flow yield (prefer greater than 7%) Piotroski Score 7 (excellent) 24.1 % return on invested capital (excellent) consistent earnings beats PEG ratio .4 (exceptional) 49.38% ROE Debt to Equity 36.32%
Strategy;
You have a triple bottom at a key pivot area, right on the 50% fib retrace. Gartley, Gann, Wyckoff, and everyone else would tell you this is a good entry area.