Lithium Americas Revisited: Speaker Stands By “Basura” Call
📉 The speaker recalls strongly advising against investing in Lithium Americas (LAC) in the past, labeling it 'basura' (trash).
🏢 The negative assessment was based on both technicals (broken support, downtrend) and fundamentals (small company size - 'Pyme', lack of profitability).
🔻 The stock subsequently fell significantly (58% mentioned), validating the initial bearish stance and highlighting the risks of investing in hyped sectors without solid fundamentals.
Lithium Americas Called ‘Basura’. Analyst Slams Long-Term Hype
📉 The analyst strongly advises against Lithium Americas (LAC), labeling it 'basura' (trash) due to technical breakdowns and fundamental weaknesses.
⚠️ Key concerns include the stock breaking historical support levels and its status as a 'Pyme' after separating from its parent company.
🚫 Contrasting with other analysts who recommended it long-term, this analysis highlights the significant price decline and reinforces a bearish outlook.
Lithium Americas: Hype vs. Reality Check
📉 Skepticism surrounds the company despite lithium hype, citing its structure (split into US and Argentina entities) and comparing it unfavorably even to small/medium enterprises.
⚠️ The stock experienced a significant drop after an initial surge, highlighting volatility and questioning the sustainability of its valuation based purely on lithium demand for EVs.
🧐 Analysis points out the broader use of lithium beyond EVs (batteries for tools, phones, cameras) and the environmental concerns associated with lithium extraction, countering the simplistic narrative.
