Showing posts with label Horsehead. Show all posts
Showing posts with label Horsehead. Show all posts

Sunday, 20 December 2015

Analysis of Horsehead


Horsehead, an American Zinc producer

Company: Horsehead

ISIN US4406943054 | WKN A0MSW0

Business: An American Zinc producer. They are standing on two legs from what I can could see and those are: Zinc Production (will everything that follows such as Zinc oxide for paints or that it is used in galvanization process to protect steel from corroding and is 60% of the market. Zinc is often used as sacrificial anode meaning that it gets oxidized before and instead of the steel) and secondly Recycling (for instance of batteries etc that contains plenty of Zinc. Batteries is probably one reason for why many investors are involved as an attempt to benefit from the growing use of electrical cars).

Active: Production is the US and I assume they make world wide sales since they are the world leader in zinc production.

P/E: -6.3 (P/E5 will not be any better since they have kept loosing money)