Glencore: A Good Investment?

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About: Glencore plc (GLNCY), GLCNF
by: Orthodox Investor
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Orthodox Investor
Long/short equity, Deep Value, value, Growth
Summary

Rising commodity prices have pushed the EBITDA figures higher.

Growing infrastructure spending and Chinese ban on scrap metal will be important for future growth in demand.

Hunter Valley coal assets will allow the company to grow margins.

Glencore (OTCPK:GLNCY, OTCPK:GLCNF) is an excellent long-term investment at current price. Strong balance sheet, rising commodity prices and favorable demand outlook makes it an attractive long-term pick. The company has just reported