After Albemarle's earnings release earlier this week, the stock has continued to selloff. However, we believe the longer term story is still intact and this could represent a great buying opportunity. The stock sorely needed a pullback, and as we show in our post earnings update, buying at these lower levels could lead to outsized returns through 2020 if the company continues to hit (or outperform) management's targets.
In times like these, it is important to maintain resolve and trust in your research (doing thorough research is the most important element, and we cannot stress that enough). If you did the work, you should welcome pullbacks, as it gives you the option to buy at lower levels, and increase returns.
Finally, If the selloff has disturbed you and you need a reminder on what you get by investing in this company, see our original post here.
And as always, we will keep you updated on all things lithium, so stay tuned for further posts on exciting companies in the industry!
Disclosure: I am/we are long ALB.